Question
Consider a coupon bond that has a par value of 1100$ and a coupon rate of 5%. The bond is currently selling for 1060.22$ and
Consider a coupon bond that has a par value of 1100$ and a coupon rate of 5%. The bond is currently selling for 1060.22$ and has 2 years to maturity. What is the bond's yield to maturity (YTM)? The yield to maturity is %. (Round your response to one decimal place.)
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The Meaningful Money Handbook
Authors: Pete Matthew
1st Edition
0857196510, 978-0857196514
