Question
The bond shown in the following table pays interest annually . Par value Coupon interest rate Years to maturity Current value $100 12% 20 $130
The bond shown in the following table pays interest annually.
| Par value | Coupon interest rate | Years to maturity | Current value |
|
| $100 | 12% | 20 | $130 |
Calculate the yield to maturity (YTM) for the bond. Show formula
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Entrepreneurial Finance
Authors: Gary E. Gibbons, Robert D. Hisrich, Carlos Marques DaSilva
1st Edition
1452274177, 978-1452274171
