Question
Assume that New Territory Inc. has an issue of 20-year $1,000 par value bonds that pay 7% interest, annually. These bonds sell at $990 for
Assume that New Territory Inc. has an issue of 20-year $1,000 par value bonds that pay 7% interest, annually. These bonds sell at $990 for today. What would be your yield to maturity if you keep the bond until the maturity?
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The Dark Side Of Valuation
Authors: Aswath Damodaran
3rd Edition
0134854101, 9780134854106
