Question
How do I calculate the following problem on a calculator? BA II-Texas instrument. 1. What is the YTM for a 14-year semi-annual bond that pays
How do I calculate the following problem on a calculator? BA II-Texas instrument.
1. What is the YTM for a 14-year semi-annual bond that pays $35 every six months and has a purchase price of $980.000? Face value is $1,000.
2. A person wants to put aside $500 at the beginning of each month for 10 years. If she estimates an interest rate of 5.5%, what will she have in her saving account at the end?
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Essentials of Investments
Authors: Zvi Bodie, Alex Kane, Alan J. Marcus
10th edition
77835425, 978-0077835422
