Question
The U.S. federal government has a 25-year bond issue outstanding that pays a 5.75% coupon. The bond is currently quoted at 102:13 and has a
The U.S. federal government has a 25-year bond issue outstanding that pays a 5.75% coupon. The bond is currently quoted at 102:13 and has a par value of $1,000. Interest is paid semiannually. What is the yield to maturity? Please show the procedure. Thanks!
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Foundations Of Real Estate Financial Modelling
Authors: Roger Staiger
2nd Edition
1138046183, 978-1138046184
