Question
Bonds issued 5 years ago by Kramer Manufacturing mature in 25 years and have a $1,000 face value.Each bond carries a 6.81% coupon, payable semi-annually,
Bonds issued 5 years ago by Kramer Manufacturing mature in 25 years and have a $1,000 face value.Each bond carries a 6.81% coupon, payable semi-annually, and currently sells for $465.42 . What is the bond's Yield to Maturity, in APR format?
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The Changing Geography Of Banking And Finance
Authors: Pietro Alessandrini ,Michele Fratianni ,Alberto Zazzaro
1st Edition
1441947205, 978-1441947208
