Question
Currently, Apisco Tiger Inc. has bonds outstanding with 16 years left to maturity. The bonds have 5.88% annual coupon rate (coupons paid annually) and were
Currently, Apisco Tiger Inc. has bonds outstanding with 16 years left to maturity. The bonds have 5.88% annual coupon rate (coupons paid annually) and were issued 4 years ago at their par value of $1,000. However, due to changes in interest rates, the bond's market price has risen to $1,121.09. What is the bond's yield to maturity today?
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The Handbook Of Credit Portfolio Management
Authors: Greg Gregoriou, Christian Hoppe
1st Edition
0071598340, 978-0071598347
