Question
Assume a zero-coupon bond that sells for $478 will mature in 15 years at $2,000. Use Appendix B for an approximate answer but calculate your
Assume a zero-coupon bond that sells for $478 will mature in 15 years at $2,000. Use Appendix B for an approximate answer but calculate your final answer using the formula and financial calculator methods.
What is the effective yield to maturity? (Assume annual compounding. Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.)
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Advances In Financial Machine Learning
Authors: Marcos Lopez De Prado
1st Edition
1119482089, 978-1119482086
