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The $1,000 face value bonds of Universe International have coupon of 5 percent and pay interest semiannually. Currently, the bonds are quoted at 108 and
The $1,000 face value bonds of Universe International have coupon of 5 percent and pay interest semiannually. Currently, the bonds are quoted at 108 and mature in 12 years. What is the yield to maturity?
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Quantitative Finance Its Development Mathematical Foundations And Current Scope
Authors: T. Wake Epps
1st Edition
0470431997, 9780470431993
