Question
There is a bond that has a quoted price of 95.859 and a par value of $2,000. The coupon rate is 6.57 percent and the
There is a bond that has a quoted price of 95.859 and a par value of $2,000. The coupon rate is 6.57 percent and the bond matures in 15 years. If the bond makes semiannual coupon payments, what is the YTM of the bond?
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Financial Reporting And Statement Analysis A Strategic Perspective
Authors: Clyde P. Stickney, Paul Brown
4th Edition
0030238110, 978-0030238116
