Question
The market price is $925 for a 19 year bond ($1,000 par value) that pays 11 percent annual interest, but makes interest payments on a
The market price is $925 for a 19 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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Contemporary Issues In Development Finance
Authors: Joshua Yindenaba Abor, Robert Lensink, Charles Komla Delali Adjasi
1st Edition
1138324329, 978-1138324329
