Question
Problem 10-5 (Algo) A zero-coupon bond with face value $1,000 and maturity of four years sells for $747.22. Required: a. What is its yield to
Problem 10-5 (Algo)
A zero-coupon bond with face value $1,000 and maturity of four years sells for $747.22.
Required:
a. What is its yield to maturity? (Round your answer to 2 decimal places.)
b. What will the yield to maturity be if the price falls to $731? (Round your answer to 2 decimal places.)
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Personal Finance
Authors: Jeff Madura, Hardeep Singh Gill
3rd Canadian Edition
978-0133035575, 133035573, 978-0133970524, 133970523, 978-0134040042
