Question
Can you please explain this to me? What is the yield to maturity of a 9.5 % semiannual coupon bond with a face value of$1,000
Can you please explain this to me? What is the yield to maturity of a 9.5 % semiannual coupon bond with a face value of$1,000 selling for $ 887.22 that matures in 9 years?
The annual yield to maturity of the bondis:
I am getting the answer 10.96% which I know is wrong.
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International Financial Management
Authors: Cheol Eun, Bruce G. Resnick
8th edition
125971778X, 978-1259717789
