Question
Jan buys a $1000 10 percent semi-annual coupon bond for a price of $1094 and holds it to maturity in six years. What is
Jan buys a $1000 10 percent semi-annual coupon bond for a price of $1094 and holds it to maturity in six years. What is the bond's yield to maturity?
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Financial Management Theory and Practice
Authors: Eugene Brigham, Michael Ehrhardt, Jerome Gessaroli, Richard Nason
2nd Canadian edition
176517308, 978-0176517304
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