Question
The market price of a semi-annual pay bond is $962.23. It has 10.00 years to maturity and a coupon rate of 6.00%. Par value is
The market price of a semi-annual pay bond is $962.23. It has 10.00 years to maturity and a coupon rate of 6.00%. Par value is $1,000. What is the yield to maturity?
Answer format: Percentage Round to: 4 decimal places (Example: 9.2434%, % sign required. Will accept decimal format rounded to 6 decimal places (ex: 0.092434))
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Fundamentals Of Futures And Options Markets
Authors: Jonn C. Hull
8th International Edition
0133382850, 9780133382853
