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Cinqua Terra Incorporated issued 10-year bonds three years ago with a coupon rate of 6.25% APR. The bonds pay semi-annual coupons, have a face
Cinqua Terra Incorporated issued 10-year bonds three years ago with a coupon rate of 6.25% APR. The bonds pay semi-annual coupons, have a face value of $1,000 each and were issued at par value. Cinqua Terra bonds currently trade at $1,079.00. Given your answer to the 6-month return, what is the yield to maturity (as an APR) for holding the bond?
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To calculate the yield to maturity YTM we need to find the discount rate that sets the present value ...
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Corporate Finance Core Principles And Applications
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe, Bradford Jordan
6th Edition
1260571122, 978-1260571127
