Question
In 2015, Ruby Ltd issued $100million of gold bonds due on July 16, at the issue date, the yield was 540 basis points (5.4%) above
In 2015, Ruby Ltd issued $100million of gold bonds due on July 16, at the issue date, the yield was 540 basis points (5.4%) above the yield on the gold bonds due in April 2017. The price and yield to maturity of the gold issue as of September 3, 2015-2017 was reported
Price to Maturity:
2015: 15.33%
2016: 16.68%
2017: 19.15%
The assumed yield on the gold bond for the year 2016 is?
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Dave Ramseys Complete Guide To Money
Authors: Dave Ramsey
1st Edition
1937077209, 978-1937077204
