Question
Facebook has just issued its first bond. Its a 10-year issue with $1,000 face value and a 4% coupon rate. What is the r for
Facebook has just issued its first bond. Its a 10-year issue with $1,000 face value and a 4% coupon rate. What is the r for this bond?
Hint, r is in time units of 6 months, with semi-annual compounding.
(Do not round intermediate calculations and do not enter your answer as a percent. Round your answer to 3 decimal places, e.g., 0.315 instead of 31.5%.)
Facebook has just issued its first bond. Its a 10 year issue with $1,000 face value and a 4% coupon rate. What is the yield to maturity?
(Do not round intermediate calculations and do not enter your answer as a percent. Round your answer to 3 decimal places, e.g., 0.315 instead of 31.5%.)
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Fundamental Accounting Principles
Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta
20th Edition
1259157148, 78110874, 9780077616212, 978-1259157141, 77616219, 978-0078110870
