Question
Suppose the following bond quote for the Beta Company appears in the financial page of today's newspaper. Assume the bond has a face value of
Suppose the following bond quote for the Beta Company appears in the financial page of today's newspaper. Assume the bond has a face value of $1,000, pays interest annually, and the current date is April 15, 2011. What is the yield to maturity on this bond?
Coupon % = 9.595
Maturity = April 15, 2023
Last Price = 769.15
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Personal Finance Version 3.1
Authors: Rachel S. Siegel
3rd Edition
1453334807, 978-1453334805
