Question
l) Citi Bank, bond carries an 7.5% coupon, paid semiannually. The par value is $1,000 , and the bond matures in seven years. If the
l) Citi Bank, bond carries an 7.5% coupon, paid semiannually. The par value is \$1,000 , and the bond matures in seven years. If the bond currently sells for \$911. what is its yield to maturity ? What is the effective annual yield?
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Corporate Finance Investment And Advisory Applications
Authors: Jesse McDougall, Patrick Boyle
1st Edition
1530116597, 9781530116591
