Question
Consider a 10-year bond with a face value of $1,000 that pays a 2.5% annual coupon (i.e., $25 coupon per year). This bond trades for
Consider a 10-year bond with a face value of $1,000 that pays a 2.5% annual coupon (i.e., $25 coupon per year). This bond trades for $950 in the secondary market. Compute the yield to maturity of this bond.
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College Mathematics for Business Economics Life Sciences and Social Sciences
Authors: Raymond A. Barnett, Michael R. Ziegler, Karl E. Byleen
12th edition
321614003, 978-0321614001
