Question
One-year zero coupon bond with a face value of $1000 is selling at $981. What is the yield to maturity of this bond? State the
One-year zero coupon bond with a face value of $1000 is selling at $981. What is the yield to maturity of this bond? State the answer as a number with 2 decimals without % sign. For example, 5.55 is a correct answer, while 5.55% or 0.055 are not correct.
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Investments An Introduction
Authors: Herbert B Mayo
11th Edition
1133936520, 9781133936527
