Question
The bonds issued by Gonzaga Basins bear a 5 percent coupon, payable semiannually. The bonds mature in 14 years and have a $1,000 face value.
The bonds issued by Gonzaga Basins bear a 5 percent coupon, payable semiannually. The bonds mature in 14 years and have a $1,000 face value. Currently, the bonds sell for $957. 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
