Question
The market price is $900 for a 10-year bond ($1,000 par value) that pays 8 percent annual interest, but makes interest payments on a semiannual
The market price is $900 for a 10-year bond ($1,000 par value) that pays 8 percent annual interest, but makes interest payments on a semiannual basis (4 percent semiannually).What is the bond's yield to maturity?
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The Changing Geography Of Banking And Finance
Authors: Pietro Alessandrini ,Michele Fratianni ,Alberto Zazzaro
1st Edition
1441947205, 978-1441947208
