Question
The market price is $750 for a 12 -year bond ($1 000 par value) that pays 9 percent annual interest, but makes interest payments on
The market price is $750 for a 12 -year bond ($1 000 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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The Complete Idiots Guide To Personal Finance In Your 40s And 50s
Authors: Sarah Fisher, Susan Shelly
1st Edition
0028642732, 9780028642734
