Question
Broke Benjamin Co. has a bond outstanding that makes semiannual payments with a coupon rate of 6.2 percent. The bond sells for $978.42 and matures
Broke Benjamin Co. has a bond outstanding that makes semiannual payments with a coupon rate of 6.2 percent. The bond sells for $978.42 and matures in 24 years. The par value is $1,000. What is the YTM of the bond?
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Financial Management Core Concepts
Authors: Raymond M Brooks
2nd edition
132671034, 978-0132671033
