Question
Example: Calculate the Yield to Maturity (YTM) Suppose you paid $840 for a 15-year bond with a face value of $1,000 and a coupon rate
Example: Calculate the Yield to Maturity (YTM)
Suppose you paid $840 for a 15-year bond with a face value of $1,000 and a coupon rate of 6.5%.
In this case, the bond was purchased at a , which means that the YTM should be than the stated coupon rate.
This bond pays $
in interest per year.
Using the provided yield to maturity (YTM) formula, the YTM for this bond is
%. (Note: Do not round intermediate calculations. Round your final answer to two decimal places.)
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Supernatural Provision Living In Financial Freedom
Authors: Joan Hunter, Sid Roth
1st Edition
1641238232, 978-1641238236
