Question
The current market price of Hope Corporation's 12 percent (coupon rate), 30-year bonds is $850. Interest is paid semiannually, and the par value is equal
The current market price of Hope Corporation's 12 percent (coupon rate), 30-year bonds is $850. Interest is paid semiannually, and the par value is equal to $1,000. What is the yield to maturity (YTM) of the bond if the bond mature 30 years from today?
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Bond Markets Analysis and Strategies
Authors: Frank J.Fabozzi
9th edition
133796779, 978-0133796773
