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Q7 Please show all work or excel functions. Thanks! Bonds of Z Corp with a par value of $1000 sell for $960, mature in five
Q7 Please show all work or excel functions. Thanks!
Bonds of Z Corp with a par value of $1000 sell for $960, mature in five years and have a 7% annual coupon rate paid semi-annually Calculate the: a current yield b yield to maturity horizon yield [realized compound return] for an investor with a three year holding period and a reinvestment rate of 6% over the period. At the end of three years, the 7% coupon bonds will sell to yield 7%Step by Step Solution
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