Question
Evans Emergency Response bonds have 7 years to maturity. Interest is paid semiannually. The bonds have a $1,400 par value and a coupon rate of
Evans Emergency Response bonds have 7 years to maturity. Interest is paid semiannually. The bonds have a $1,400 par value and a coupon rate of 9 percent. If the price of the bond is $1077.57, what is the annual yield to maturity?
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Essentials Of Investments
Authors: Zvi Bodie, Alex Kane, Alan Marcus
11th Edition
1260288390, 978-1260288391
