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Footsteps Co. has a bond outstanding with a coupon rate of 5.8 percent and annual payments. The bond currently sells for $939.96, matures in 16
Footsteps Co. has a bond outstanding with a coupon rate of 5.8 percent and annual payments. The bond currently sells for $939.96, matures in 16 years, and has a par value of $1,000. What is the YTM of the bond?
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An Introduction To Socio-Finance
Authors: Jørgen Vitting Andersen, Andrzej Nowak
2013th Edition
3642419437, 978-3642419430
