Question
Consider a bond with a 10% annual coupon rate, 15 years to maturity, and a par value of $1,000. The bond price is $1,400 .
Consider a bond with a 10% annual coupon rate, 15 years to maturity, and a par value of $1,000. The bond price is $1,400. [correct to 2 decimal points]
The bond yield is ____________%.
[Note: e.g., If you get 11.28%, input 11.28, NOT 0.11]
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Creating Financial Value A Guide For Senior Executives With No Finance Background
Authors: Malcolm Allitt
1st Edition
1472922719, 978-1472922717
