Question
Bonds issued by Jackson, Ltd. have a par value of $1000. The principal payment at maturity is $1000. The bonds are currently selling for $992
Bonds issued by Jackson, Ltd. have a par value of $1000. The principal payment at maturity is $1000. The bonds are currently selling for $992 and have eight years to maturity. The annual coupon rate on the bond is 4.7%. Find the approximate yield to maturity using the formula I introduced for finding the approximate yield.
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The Market Takers Edge Insider Strategies From The Options Trading Floor
Authors: Dan Passarelli
1st Edition
007175492X,0071754946
