The market price is $875 875 for a 19 19-year bond ($1 comma 000 1,000 parvalue) that pays 11 11 percent annualinterest, but makes interest
The market price is $875
875 for a 19
19-year bond ($1 comma 000
1,000 parvalue) that pays 11
11 percent annualinterest, but makes interest payments on a semiannual basis (5.5
5.5 percentsemiannually). What is thebond's yield tomaturity?
Thebond's yield to maturity is
nothing
%.
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Authors: Edwin Elton, Martin Gruber, Stephen Brown, William Goetzmann
9th edition
9781118805800, 1118469941, 1118805801, 978-1118469941
