Question
The market price is $950 for a 10-year bond ($1,000 par value) that pays 9 percent annual interest, but makes interest payments on a semiannual
The market price is $950 for a 10-year bond ($1,000 par value) that pays 9 percent annual interest, but makes interest payments on a semiannual basis (4.5 percent semiannually). What is the bond's yield to maturity?
The bond's yield to maturity IS % ?
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Principles Of Investments
Authors: Alan Marcus, Zvi Bodie, Michael Drew, Anup Basu, Alex Kane
1st Edition
0071012389, 978-0071012386
