Question
Suppose a bond has a face value of $100, annual coupon payments of $4, maturity of 5 years, and a price of $90. a. What
Suppose a bond has a face value of $100, annual coupon payments of $4, maturity of 5 years, and a price of $90.
a. What equation that defines the yield to maturity on this bond.
b. If you have the right kind of calculator or software, calculate the yield to maturity.
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Foundations of Mathematical Economics
Authors: Michael Carter
1st edition
262531925, 978-0262531924
