Question
Joe Carter is looking to invest in a 4-year bond that pays semiannual coupons at a coupon rate of 5.6% and has a par value
Joe Carter is looking to invest in a 4-year bond that pays semiannual coupons at a coupon rate of 5.6% and has a par value of $1,000. If these bonds have a market price of $1,035, what yield to maturity is being implied in the pricing?
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Public Finance A Contemporary Application of Theory to Policy
Authors: David N Hyman
11th edition
9781305474253, 1285173953, 1305474252, 978-1285173955
