Question
The market price is $1175 for a 19-year bond ($1,000 par value) that pays 8 percent annual interest, but makes interest payments on a semiannual
The market price is $1175 for a 19-year bond ($1,000 par value) that pays 8 percent annual interest, but makes interest payments on a semiannual basis (4 percent semiannually). What is the bond's yield to maturity?
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Handbook Of Consumer Finance Research
Authors: Jing Jian Xiao
2nd Edition
3319288857, 978-3319288857
