Question
The Sisyphean Company has a bond outstanding with a face value of $5,000 that reaches maturity in 5 years. The bond certificate indicates that the
The Sisyphean Company has a bond outstanding with a face value of $5,000 that reaches maturity in 5 years. The bond certificate indicates that the stated coupon rate for this bond is 8.9 % and that the coupon payments are to be made semiannually. Assuming that this bond trades for $4805 , then the YTM for this bond is closest to:
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Personal Finance Turning Money Into Wealth
Authors: Arthur J. Keown
6th Edition
0132719169, 978-0132719162
