Question
The bonds issued by Stainless Tubs bear an 8 percent coupon, payable seimiannually. The bonds mature in 11 years and have a $1,000 face value.
The bonds issued by Stainless Tubs bear an 8 percent coupon, payable seimiannually. The bonds mature in 11 years and have a $1,000 face value. Currently, the bonds sell for $952. What is the yield to maturity on an annual percentage basis?
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Climate Finance
Authors: Richard B. Stewart, Benedict Kingsbury, Bryce Rudyk
1st Edition
081474138X, 978-0814741382
