Question
Apple Corporation issued $1000 bond with semiannual coupons and a coupon rate of 2.60%. Imagine you buy a $1,000 face value note at a price
Apple Corporation issued $1000 bond with semiannual coupons and a coupon rate of 2.60%. Imagine you buy a $1,000 face value note at a price of $935. The note matures in 6 years. What would be the yield to maturity of holding this bond? NOTE: Answer in percentage. If your answer is 0.0206, you must answer 2.06%. Do not use the "%" sign
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Case Studies In Finance
Authors: Robert Bruner, Kenneth Eades, Michael Schill
6th Edition
0073382450, 978-0073382456
