Question
Novak Limited has bonds outstanding that will mature in 7 years. The bonds have a face value of $1,000. The bonds pay interest semi-annually and
Novak Limited has bonds outstanding that will mature in 7 years. The bonds have a face value of $1,000. The bonds pay interest semi-annually and have a coupon rate of 4.8 percent. If the bonds are currently selling at $899.96, what is the yield to maturity that an investor who buys them today can expect to earn?
YTM?
Effective annual yield?
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Regulation Of Securities Markets And Transactions
Authors: Patrick S. Collins
1st Edition
0470601965, 978-0470601969
