Question
Please use TI BAII Plus Calculator and show how you get the answer with it. The company has a 6 year, $1,000 par value, 4%
Please use TI BAII Plus Calculator and show how you get the answer with it.
The company has a 6 year, $1,000 par value, 4% coupon (paid annually) bonds currently selling at $901.65. SHOW ALL WORK USING THE TI BAII Plus Calculator. What is the yield to maturity (YTM) of this bond?
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Public Finance and Public Policy
Authors: Jonathan Gruber
4th edition
1429278455, 978-1429278454
