Question
the market price is $800 for a 20 year bond (1000 par value) thats pays 8% annual interest, but makes interest payments on a semiannual
the market price is $800 for a 20 year bond (1000 par value) thats pays 8% annual interest, but makes interest payments on a semiannual basis (4% semiannually). what is the bonds yield to maturity?
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Contemporary Financial Management
Authors: R. Charles Moyer, William J. Kretlow, James R. Mcguigan
8th Edition
0324065914, 9780324065916
