Question
Consider a 10-year bond that makes semiannual coupon payments. If the face value is 100, the coupon rate is 2% and the bond price is
Consider a 10-year bond that makes semiannual coupon payments. If the face value is 100, the coupon rate is 2% and the bond price is 84.867, what is the yield to maturity (percentage point, continuously compounded, round to second decimal place)?
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Business Statistics For Contemporary Decision Making
Authors: Ken Black
9th edition
978-1-119-3208, 9781119334781, 1119334780, 1119320895, 978-1119320890
