Question
Beam Inc. bonds are trading today for a price of $ 873.86 The bond pays annual coupons with a coupon rate of 5 % and
Beam Inc. bonds are trading today for a price of $873.86 The bond pays annual coupons with a coupon rate of 5% and the next coupon is due in one year. The bond has a yield to maturity of 6.39%. How many years are there until the bondmatures?
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Options Futures and Other Derivatives
Authors: John C. Hull
10th edition
013447208X, 978-0134472089
