Question
The Sisyphean Company has a bond outstanding with a face value$1,000 that reaches maturity in 15 years. The bond certificate indicates that the stated coupon
The Sisyphean Company has a bond outstanding with a face value$1,000
that reaches maturity in
15
years. The bond certificate indicates that the stated coupon rate for this bond is
8.6%
and that the coupon payments are to be made semiannually.
Assuming that this bond trades for
$958,
then the YTM for this bond is closest to:
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Financial Management In The Public Sector Tools Applications And Cases
Authors: Xiaohu Wang
2nd Edition
0765625229, 9780765625229
