Question
Consider a 5% coupon bond issued in 2008 by the government of ABC country. Today, the bond has two years to maturity and is selling
Consider a 5% coupon bond issued in 2008 by the government of ABC country. Today, the bond has two years to maturity and is selling for $975. Assume the face value of the bond is $1,000.
Write out the equation you would use today to calculate the yield to maturity of this bond.
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Corporate Financial Management
Authors: Glen Arnold
5th edition
978-1292178066, 129217806X, 273758837, 978-0273758839
