Question
The Sisyphean Company has a bond outstanding with a face value of $1,000 that reaches maturity in ten years. The bond certificate indicates that the
The Sisyphean Company has a bond outstanding with a face value of $1,000 that reaches maturity in ten years. The bond certificate indicates that the stated coupon rate for this bond is 8.5% and that the coupon payments are to be made semiannually. Assuming that this bond trades for $1,173, then the YTM for this bond is closest to:
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What Is Value Investing
Authors: Lawrence A. Cunningham
1st Edition
0071429557, 978-0071429559
