Question
Bonds issued by the BigBird feather company have a par value of $1,000, which is also the amount of principal to be paid at maturity.
Bonds issued by the BigBird feather company have a par value of $1,000, which is also the amount of principal to be paid at maturity. The bonds are currently selling for $850. They have 10 years remaining to maturity. The annual interest payment is 9%. Compute the approximate yield to maturity.
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Mastering Attribution In Finance
Authors: Andrew Colin
1st Edition
1292114029, 978-1292114026
