Question
On January 1, 2016 an investor pays $102 for 5 year 100 par Global Corp bond that pays a coupon rate of 4%. The bond
On January 1, 2016 an investor pays $102 for 5 year 100 par Global Corp bond that pays a coupon rate of 4%. The bond pays interest on a semi-annual basis. Assuming the investor holds this bond until maturity calculate the bondholder's yield on this investment.
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Investments
Authors: Zvi Bodie
12th Edition
1260819426, 9781260819427
