Question
IBMs bond has 5 years remaining to maturity. Coupons are paid semi-annually. The bonds have a $1,000 par value, and the coupon rate is 5%.
IBMs bond has 5 years remaining to maturity. Coupons are paid semi-annually. The bonds have a $1,000 par value, and the coupon rate is 5%. The current price of the bond is $1050. What is the yield to maturity?
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Fundamentals Of Corporate Finance
Authors: Jonathan Berk, Peter DeMarzo, Jarrad Harford
5th Edition
0135811600, 978-0135811603
