Question
Five years ago, Rock Steady Corp issued a semiannual coupon bond with seven years until maturity. This bond was originally issued at par with a
Five years ago, Rock Steady Corp issued a semiannual coupon bond with seven years until maturity. This bond was originally issued at par with a $1,000 face value.
The coupon rate on the bond is 8%. Today, the yield-to-maturity (YTM) is 10%.
What was yield to maturity of this bond when it was issued?
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The Retirees Complete Annuity Handbook
Authors: Scot Whiskeyman
1st Edition
8647470052, 979-8647470058
