Question
Consider a coupon bond that has a par value of $1,200 and a coupon rate of 5 %. The bond is currently selling for $1,200.00
Consider a coupon bond that has a par value of $1,200 and a coupon rate of 5 %. The bond is currently selling for $1,200.00 and has 2 years to maturity. What is the bond's yield to maturity (YTM)?
What is the Yield to Maturity? (Round your response to one decimal place.)
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Managing The Audit Function A Corporate Audit Department Procedures Guide
Authors: Michael P. Cangemi
2nd Edition
0471012556, 978-0471012559
