Question
decor interiors has an outstanding bond with a $1,000 maturity value and a 5.5 percent coupon rate of interest that was issued 20 years ago.
decor interiors has an outstanding bond with a $1,000 maturity value and a 5.5 percent coupon rate of interest that was issued 20 years ago. interest is paid semiannually. the bond, which matures in 5 years, is currently selling for $1,022. what us the bond`s yield to maturity?
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Finance Capital Markets Financial Management And Investment Management
Authors: Frank J. Fabozzi, Pamela Peterson Drake
1st Edition
0470407352, 978-0470407356
