Question
Fresh Fruit, Inc. has a $1,000 par value bond that is currently selling for $981. It has an annual coupon rate of 10.46 percent, paid
Fresh Fruit, Inc. has a $1,000 par value bond that is currently selling for $981. It has an annual coupon rate of 10.46 percent, paid semiannually, and has 18-years remaining until maturity. What would the annual yield to maturity be on the bond if you purchased the bond today and held it until maturity?
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The Leverage Space Trading Model
Authors: Ralph Vince
1st Edition
0470455950, 978-0470455951
