Question
An 8-year bond for Katy Corporation has a market price of $700 and a par value of $1000. If the bond has an annual interest
An 8-year bond for Katy Corporation has a market price of $700 and a par value of $1000. If the bond has an annual interest rate of 6 percent, but pays interst semiannually, what is the bond's yeild to maturity?
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Essentials Of Financial Management Text And Cases
Authors: George C Philippatos
1st Edition
0816267162, 978-0816267163
