Question
Calculate an approximation of the yield to maturity (using the current yield) of a 20-year coupon bond with face value of 10,000$ and coupon rate
Calculate an approximation of the yield to maturity (using the current yield) of a
20-year coupon bond with face value of 10,000$ and coupon rate of 5% per year;
assume that its price today is 3,000$.
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Introduction To Financial Models For Management And Planning
Authors: James R Morris, John P Daley
2nd Edition
1498765041, 9781498765046
