Question
Consider a bond with a 5% annual coupon rate paid annually, 1 year to maturity, and a par value of $1,000,000. If immediately after issuance
Consider a bond with a 5% annual coupon rate paid annually, 1 year to maturity, and a par value of $1,000,000. If immediately after issuance it traded at $1,040,460, what is the yield to maturity?
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Guardians Of Finance
Authors: James R. Barth, Gerard Caprio, Ross Levine
1st Edition
0262526840, 978-0262526845
