Question
The market price is $1,050 for a 10-year bond ($1,000 par value) that pays 12 percent annual interest, but makes interest payments on a semiannual
The market price is $1,050 for a 10-year bond ($1,000 par value) that pays 12 percent annual interest, but makes interest payments on a semiannual basis (6 percent semiannually). What is the bond's yield to maturity?
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Handbook Of Project Finance For Water And Wastewater Systems
Authors: Michael Curley
1st Edition
0873714865, 978-0873714860
