Question
United Air has a 5.75% coupon 20 year bond (par value = 1,000). Assume that coupon payments are semi-annual and that the current price is
United Air has a 5.75% coupon 20 year bond (par value = 1,000). Assume that coupon payments are semi-annual and that the current price is $965.45. What is the yield-to-maturity of this bond?
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The Handbook Of Credit Risk Management
Authors: Sylvain Bouteille, Diane Coogan-Pushner
2nd Edition
1119835631, 978-1119835639
