Question
Company A's bonds are sold for 785$ at time=0. Coupon rate equals to 28%. Par value is 1000$. If you buy the bond at time=0,
Company A's bonds are sold for 785$ at time=0. Coupon rate equals to 28%. Par value is 1000$. If you buy the bond at time=0, what will be the yield to maturity of this bond. (5 years to maturity) Please do not use Excel or calculator, show step by step. Thanks.
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International Financial Reporting Standards This Work Professes To Assist Finance Professionals And Students To Deep Dive Into International With Illustration And Solved Problems
Authors: B D Chatterjee
1st Edition
150108612X, 9781501086120
