Question
If a bond with a face value of $1,000 and a coupon rate of 8 percent is selling for $970, is the bond's yield to
If a bond with a face value of $1,000 and a coupon rate of 8 percent is selling for $970, is the bond's yield to maturity more or less than 8 percent?
please show me how to solve this in excel - thanks!
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Practical Financial Management
Authors: William R. Lasher
8th edition
1305637542, 978-1305887237, 1305887239, 978-1305637542
