Question
Leonidas Corporation has bonds trading on the secondary market for $989.00. The bonds will mature in 7 years and have a face value of $1,000.
Leonidas Corporation has bonds trading on the secondary market for $989.00. The bonds will mature in 7 years and have a face value of $1,000. The bonds pay semi-annual coupons with a 6.62% APR. What is the yield to maturity for an investor who buys the bonds today? (Express as an APR)
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Financial Collateral Law And Practice
Authors: Matthias Haentjens
1st Edition
9780192557575
