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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Financial statements
Authors: Stephen Barrad
5th Edition
978-007802531, 9780324186383, 032418638X
