Question
fast plzzzz You just purchased a $1,000 par value, 12-year, 7 percent annual coupon bond that pays interest on a semiannual basis. The bond sells
fast plzzzz
You just purchased a $1,000 par value, 12-year, 7 percent annual coupon bond that pays interest on a semiannual basis. The bond sells for $945. What is the bonds nominal yield to maturity (enter answer as a percentage)?
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Broken Markets A Users Guide To The Post Finance Economy
Authors: Kevin Mellyn
1st Edition
1430242213, 978-1430242215
