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 $1,100 .
Consider a bond with a 10% annual coupon rate, 15 years to maturity, and a par value of $1,000. The bond price is $1,100. [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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The FinTech Book The Financial Technology Handbook For Investors Entrepreneurs And Visionaries
Authors: Susanne Chishti, Janos Barberis
1st Edition
111921887X, 9781119218876
