Question
The market price is$925 for a 19-year bond ($1,000 par value) that pays 12 percent annual interest, but makes interest payments on a semiannual basis
The market price is$925 for a 19-year bond ($1,000 par value) that pays 12 percent annual interest, but makes interest payments on a semiannual basis (6 percent semiannually). What is the bond's yield to maturity (%) ?
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The Crowdfunding Handbook Raise Money For Your Small Business Or Start Up With Equity Funding Portals
Authors: Cliff Ennico
1st Edition
081443360X, 978-0814433607
