Question
Putrajaya Berhads bonds will mature in 13 years. The bonds have face value of RM1,500 and 8 percent coupon rate, paid annually. The price of
Putrajaya Berhads bonds will mature in 13 years. The bonds have face value of RM1,500 and 8 percent coupon rate, paid annually. The price of the bonds is RM1,700. The bonds are callable in 5 years at a price of RM1,600. Calculate the yield to maturity.
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Finance And Financial Markets
Authors: Keith Pilbeam
3rd Edition
023023321X, 978-0230233218
