Question
Karvonen Inc. has bonds outstanding with a par value of $1,000, and a current market value of $1,190. The annual coupon rate on these bonds
Karvonen Inc. has bonds outstanding with a par value of $1,000, and a current market value of $1,190. The annual coupon rate on these bonds is 7% and they mature in 4.5 years. If investors investing in these bonds receive semi-annual interest payments, what is their annual YTM?
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Handbook Of Alternative Assets
Authors: Mark J. P. Anson
2nd Edition
047198020X, 978-0471980209
