Question
Assume the market price of a 13 year bond for Margaret Inc. is $1100, and it has a par value of $1000. The bond has
Assume the market price of a 13 year bond for Margaret Inc. is $1100, and it has a par value of $1000. The bond has an annual of 9 percent that is paid semi-annually. What is the yield to maturity of the bond.
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Finance At The Threshold
Authors: Christopher Houghton Budd
1st Edition
0566092115, 978-0566092114
