Question
Compute the yield to maturity on a bond that makes coupon payments of $95.00 yearly, currently sales for $990 and will mature in 11 years.
Compute the yield to maturity on a bond that makes coupon payments of $95.00 yearly, currently sales for $990 and will mature in 11 years. HINT: The coupon payment is usually given as a percent and you turn it into a dollar amount and enter it into your calculator. The coupon rate is already given as a dollar amount.
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Creating Financial Value A Guide For Senior Executives With No Finance Background
Authors: Malcolm Allitt
1st Edition
1472922719, 978-1472922717
