Question
Tony's Pizzeria plans to issue bonds with a par value of $1,000 and 10 years to maturity. These bonds will pay $90 interest every year.
Tony's Pizzeria plans to issue bonds with a par value of $1,000 and 10 years to maturity. These bonds will pay $90 interest every year. Current market conditions are such that the bonds will be sold to net $937.79. What is the yield to maturity (YTM) of this bond
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Applied International Finance
Authors: Thomas J O'Brien
1st Edition
1606497340, 9781606497340
