Question
Decor interiors has an outstanding nonf that was issued 20 years ago. The bond has a $1000 maturity value and a 5.5 percent coupon rate
Decor interiors has an outstanding nonf that was issued 20 years ago. The bond has a $1000 maturity value and a 5.5 percent coupon rate of interst. Interest is paid semiannually. The bond, which matures in five years, is currently selling for $1022. What is the bond's yeild to mturity?
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Investment Analysis and Portfolio Management
Authors: Frank K. Reilly, Keith C. Brown, Sanford J. Leeds
11th Edition
1305262999, 1305262997, 035726164X, 978-1305262997
