Question
Assume the market price of a 7 year bond for Margaret Inc. is $925, and it has a par value of $1000 The bond has
Assume the market price of a 7 year bond for Margaret Inc. is $925, and it has a par value of $1000 The bond has an annual interest rate of 9% 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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Financial Institutions Management A Risk Management Approach
Authors: Anthony Saunders, Marcia Cornett, Otgo Erhemjamts
10th Edition
1260013820, 978-1260013825
