Question
The market price is $750 for a 16-year bond ($1,000 par value) that pays 11 percent annual interest, but makes interest payments on a semiannual
The market price is $750 for a 16-year bond ($1,000 par value) that pays 11 percent annual interest, but makes interest payments on a semiannual basis (5.5 percent semiannually). What is the bond's yield to maturity?
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Stocks Bonds And The Investment Horizon
Authors: Haim Levy
1st Edition
9811250146, 978-9811250149
