Question
Baratheon, Inc. has issued a bond, which has a $1,000 par value and a 15 percent coupon interest rate. Interest is paid quarterly. The bond
Baratheon, Inc. has issued a bond, which has a $1,000 par value and a 15 percent coupon interest rate. Interest is paid quarterly. The bond will mature in 10 years and has a current price $1,173.36. Based on this information, what is the annualized yield to maturity on the Baratheon, Inc. bond?
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Fundamentals of Investments, Valuation and Management
Authors: Bradford Jordan, Thomas Miller, Steve Dolvin
8th edition
1259720697, 1259720691, 1260109437, 9781260109436, 978-1259720697
