Question
Assume the market price of a 6-year bond for Margaret Inc. is $775, and it has a par value of $ 1,000. The bond has
Assume the market price of a 6-year bond for Margaret Inc. is $775, 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?
The yield to maturity of the bond is
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Banking And Finance
Authors: Brian Duignan
1st Edition
1615308946, 978-1615308941
