Question
Understand the variation of bond values and yields. Heginbotham Corp. issued 20-year bonds two years ago at a coupon rate of 5.3 percent. The bonds
Understand the variation of bond values and yields. Heginbotham Corp. issued 20-year bonds two years ago at a coupon rate of 5.3 percent. The bonds make semiannual payments. If these bonds currently sell for 105 percent of par value, what is the YTM?
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Introduces Quantitative Finance
Authors: Paul Wilmott
2nd edition
470319585, 470319581, 978-0470319581
