Question
Suppose a firm has the following bond information: Years to maturity: 10 Coupon Rate: 5%,semi-annual payments Par Value:$1,000 Price: 112% of par value Calculate the
Suppose a firm has the following bond information:
Years to maturity: 10
Coupon Rate: 5%,semi-annual payments
Par Value:$1,000
Price: 112% of par value
Calculate the yield to maturity on the bond. (Enter percentages as decimals and round to 4 decimals).
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Microeconomics: An Intuitive Approach With Calculus
Authors: Thomas Nechyba
2nd Edition
1305650468, 978-1305650466
