Question
The market price of a semi-annual pay bond is $969.33. It has 20.00 years to maturity and a coupon rate of 8.00%. Par value is
The market price of a semi-annual pay bond is $969.33. It has 20.00 years to maturity and a coupon rate of 8.00%. Par value is $1,000. What is the yield to maturity?
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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Essentials Of Managerial Finance
Authors: Scott Besley, Eugene F. Brigham
13th Edition
0324258755, 9780324258752
