Question
Problem 7-2 Yield to maturity and future price A bond has a $1,000 par value, 8 years to maturity, and a 7% annual coupon and
Problem 7-2 Yield to maturity and future price
A bond has a $1,000 par value, 8 years to maturity, and a 7% annual coupon and sells for $980.
What is its yield to maturity (YTM)? Round your answer to two decimal places.
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Finance For Non Financial Managers
Authors: Gene Siciliano
1st Edition
0071413774, 978-0071413770
