Question
New Homes has a bond issue with a coupon rate of 5.5 percent that matures in 8.5 years. The bonds have a par value of
New Homes has a bond issue with a coupon rate of 5.5 percent that matures in 8.5 years. The bonds have a par value of $1,000 and a market price of $1,122. Interest is paid semiannually. What is the yield to maturity?
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Money Management And Financial Budgeting 2 Books In 1 A Beginners Guide On Managing Bad Credit Debt Savings And Personal Finance
Authors: Robert Anderson
1st Edition
1386959006, 978-1386959007
