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If an ordinary bond has a coupon rate of 12 percent paying semiannual coupons. The yield to maturity is quoted at 16 percent. The
If an ordinary bond has a coupon rate of 12 percent paying semiannual coupons. The yield to maturity is quoted at 16 percent. The bond matures in seven years. What is the bond price? 2 Suppose a bond with a 10% coupon rate and semiannual coupons, has a face value of $1,000, 10 years to maturity and is selling for $1,197.93. What is the YTM? What is the current yield? (slide)
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Corporate Finance
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe
13th International Edition
1265533199, 978-1265533199
