Question
Quarry Inc has a $1,000 face value bond outstanding. The bond pays two semi-annual coupons of $40 every year. The bond has 5 years left
Quarry Inc has a $1,000 face value bond outstanding. The bond pays two semi-annual coupons of $40 every year. The bond has 5 years left until it matures. If the market value of the bond is currently $1,100, what is the yield to maturity?
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Entrepreneurial Finance
Authors: M. J. Alhabeeb
1st Edition
1118691512, 978-1118691519
