Question
Problem 10-6 A bond with a maturity of 18 years sells for $1,108. If the coupon rate is 7.6 percent, what is the yield to
Problem 10-6
| A bond with a maturity of 18 years sells for $1,108. If the coupon rate is 7.6 percent, what is the yield to maturity of the bond? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places. Omit the "%" sign in your response.) |
| Yield to maturity | % |
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Finance For IT Decision Makers
Authors: Michael Blackstaff
3rd Edition
1780171226, 978-1780171227
