Question
An 8-year semi-annual coupon bond with a face value of $1,000 was issued at par 3 years ago. The yield to maturity (YTM) when this
An 8-year semi-annual coupon bond with a face value of $1,000 was issued at par 3 years ago. The yield to maturity (YTM) when this bond was issued was 6%. What is the yield to maturity (YTM) if the current price of the bond is $987.48?
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Fearless Finances A Timeless Guide To Building Wealth
Authors: Cassandra Cummings
1st Edition
1400230381, 978-1400230389
