Question
To raise funds for Gravina Island Bridge, the Government of Alaska issued bonds. The bonds, called Nowhere Bonds have a face value of $1,000, 15
To raise funds for Gravina Island Bridge, the Government of Alaska issued bonds. The bonds, called "Nowhere Bonds" have a face value of $1,000, 15 years to maturity and a 7% coupon rate (annual coupons with the first coupon due in one year). The bonds are priced at $771.82. What is the yield to maturity of the Nowhere Bonds?
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The Oxford Handbook Of Hedge Funds
Authors: Douglas Cumming, Sofia Johan, Geoffrey Wood
1st Edition
0198840950, 978-0198840954
