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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
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 $1,045. Interest is paid semiannually. What is the yield to maturity?
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To calculate the yield to maturity YTM of the bond we need to solve for the discount rate YTM that e...
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Foundations of Financial Management
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta
10th Canadian edition
1259261018, 1259261015, 978-1259024979
