Question
Fresh Fruit, Inc. has a $1,000 par value bond that is currently selling for $1,126. It has an annual coupon rate of 15 percent, paid
Fresh Fruit, Inc. has a $1,000 par value bond that is currently selling for $1,126. It has an annual coupon rate of 15 percent, paid semiannually, and has 17-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?
Round to nearest two decimal places
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Fundamentals Of Institutional Asset Management
Authors: Frank J Fabozzi, Francesco A Fabozzi
1st Edition
9811220034, 9789811220036
