Question
Deere & Co. just issued 30-year bonds at a coupon rate of 2.8 percent. The bonds make semiannual payments. These bonds currently sell for 98
Deere & Co. just issued 30-year bonds at a coupon rate of 2.8 percent. The bonds make semiannual payments. These bonds currently sell for 98 percent of the par value ($1000).
What is the yield-to-maturity (YTM) as in APR? ______%
What is the current yield of Deeres 30-year bond? ______%
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Codes Of Finance
Authors: Vincent Antonin Lépinay
1st Edition
0691151504, 978-0691151502
