Question
Two years ago, a company issued bonds with 12 percent coupon rate that is paid semi-annually, and a $1,000 face value. The bonds had original
Two years ago, a company issued bonds with 12 percent coupon rate that is paid semi-annually, and a $1,000 face value. The bonds had original maturity of 20 years. If you will purchase those bonds today, for $950, what will be the yield to maturity on those bonds today?
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International Financial Management
Authors: Cheol S. Eun, Bruce G.Resnick
6th Edition
71316973, 978-0071316972, 78034655, 978-0078034657
