Question
The market price is $1200 for a 10-year bond ($1000 par value) that pays 9 percent annual interest, but makes interest payments on a semiannual
The market price is $1200 for a 10-year bond ($1000 par value) that pays 9 percent annual interest, but makes interest payments on a semiannual basis ( 4.5 percent semiannually). What is the bond's yield to maturity?
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Property Finance
Authors: Giacomo Morri, Antonio Mazza
1st Edition
1118764404, 978-1118764404
