Question
Currently, a 5 year bond with an annual coupon rate of 7% is selling at $975.00. If it pays interest semi-annually what is the yield
Currently, a 5 year bond with an annual coupon rate of 7% is selling at $975.00. If it pays interest semi-annually what is the yield to maturity?
Can someone explain to me how to get this with work and the correct answer on excel?
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The Management Of Business Finance
Authors: John Freear
1st Edition
0273014315, 978-0273014317
