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 and the current date is April 15, 2009. What is the yield to maturity on this bond if it is compounded semi-annually? How would you calculate this on a financial calculator? Coupon - 9.595 Maturity - April 15, 2023 Last Price - 76.915 EST Spread - 431 UST - 10
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Beer Business Finance
Authors: Kary R Shumway
1st Edition
1090833741, 978-1090833747
