Question
There is a bond that has a quoted price of 107.793 and a par value of $2,000. The coupon rate is 6.96 percent and the
There is a bond that has a quoted price of 107.793 and a par value of $2,000. The coupon rate is 6.96 percent and the bond matures in 22 years. If the bond makes semiannual coupon payments, what is the YTM of the bond?
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Financial Management And Policy
Authors: James C. Van Horne
12th Edition
0130326577, 9780130326577
