Question
New Homes has a bond issue with a coupon rate of 5.5 percent that matures in 10years. The bonds have a par value of $1,000
New Homes has a bond issue with a coupon rate of 5.5 percent that matures in 10years. 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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Intermediate Financial Management
Authors: Eugene F Brigham, Phillip R Daves
14th Edition
0357516664, 978-0357516669
