Question
BCC has issued 9^5/8 percent debentures that will mature on July 15, Year 28. Assume that interest is paid and compounded annually. If an investor
BCC has issued 9^5/8 percent debentures that will mature on July 15, Year 28. Assume that interest is paid and compounded annually. If an investor purchased a $1,000 denomination bond for $1,045 on July 15, Year 1, determine the bonds yield-to-maturity.
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Guide To Finance Theory And Application Portfolio Mathematics
Authors: Professional Risk Managers' International Association (PRMIA)
1st Edition
0071731814
