Question
Assume the market price of a 14-year bond for Margaret Inc. is $1,075, and it has a par value of $1,000. The bond has an
Assume the market price of a 14-year bond for Margaret Inc. is $1,075, and it has a par value of $1,000. The bond has an annual interest rate of 7% that is paid semiannually. What is the yield to maturity of the bond?
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Essentials Of Real Estate Finance
Authors: Doris Barrell
15th Edition
1475462077, 978-1475462074
