Question
Susan Wilson wants to invest in four-year bonds that are currently priced at $868.90. These bonds have a coupon rate of 6.1 percent and make
Susan Wilson wants to invest in four-year bonds that are currently priced at $868.90. These bonds have a coupon rate of 6.1 percent and make semiannual coupon payments. What is the current market yield on this bond? (Round intermediate calculations to 5 decimal places, e.g. 1.25145 and final answer to 2 decimal places, e.g. 15.25%.)
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Mathematical Control Theory And Finance
Authors: Andrey Sarychev, Albert Shiryaev, Manuel Guerra, Maria Do Rosário Grossinho
2008th Edition
3540695311, 978-3540695318
