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sam issued bonds in November 2012 with a coupon rate of 6.75% with the bonds paying interest semiannually. The bonds have a par value of
- sam issued bonds in November 2012 with a coupon rate of 6.75% with the bonds paying interest semiannually. The bonds have a par value of $1,000 and a Current Yield of 7.22% and will mature in November 2029. If today is November 2020, calculate the Yield to Maturity (YTM) of the bonds. How much would an investor pay today for this bond ?
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Intermediate Financial Management
Authors: Eugene F Brigham, Phillip R Daves
14th Edition
0357516664, 978-0357516669
