Question
I NEED THE ANSWER WITHIN 35 MINUTES PLEASE!! A bond currently sells for $887 even though it has a par of $1,000. It was issued
I NEED THE ANSWER WITHIN 35 MINUTES PLEASE!!
A bond currently sells for $887 even though it has a par of $1,000. It was issued two years ago and had a maturity of 10 years. The coupon rate is 7% and the interest payments are made semiannually. What is its YTM? Show work.
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Payroll Accounting 2017
Authors: Bernard J. Bieg, Judith Toland
27th edition
1305675126, 1305675124, 9781305888586, 1305888588, 978-1337734776
