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Merck just sold semi-annual, 7% coupon bonds with a maturity in 4 years. Each bond had a par value of $1,000 and sold for $1,015.
Merck just sold semi-annual, 7% coupon bonds with a maturity in 4 years. Each bond had a par value of $1,000 and sold for $1,015. What was the yield-to-maturity of these bonds?
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Problems In Portfolio Theory And The Fundamentals Of Financial Decision Making
Authors: Leonard C Maclean, William T Ziemba
1st Edition
9814749931, 978-9814749930
