Question
e. At the price the corporate bond would be if it where default free (i.e., your answer to d above, if you did it correctly),
e. At the price the corporate bond would be if it where default free (i.e., your answer to d above, if you did it correctly), its effective annual yield to maturity to be .03895 (3.895%). At its actual market value of $1020, is its actual yield to maturity higher, lower, or equal to 3.895%.
Circle one: higher lower equal to
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Accounting In A Nutshell Accounting For The Non-specialist
Authors: Walker, Janet
3rd Edition
075068738X, 9780750687386
