Question
if the effective annual yield to maturity for a bond ( 5% coupon rate ) is estimate to be = .03895 (3.895%). price of the
if the effective annual yield to maturity for a bond ( 5% coupon rate ) is estimate to be = .03895 (3.895%).
price of the bond at the end of 5 year is = 1020 ,
bond face value t=0 FV= 1000$
bond pay 5% coupon
whats the yield to maturity of this bond ?
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Analysis for Financial Management
Authors: Robert C. Higgins
10th edition
007803468X, 978-0078034688
