Question
What is the yeild to maturity of a 23-year bond that pays a coupon rate of 8.25% per year, has a $1,000 par value, and
What is the yeild to maturity of a 23-year bond that pays a coupon rate of 8.25% per year, has a $1,000 par value, and is currently priced at $1,298.05? Assume semi-annual coupon payments. Round to the nearest two decimal places. Show all work please
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Analysis for Financial Management
Authors: Robert C. Higgins
12th edition
1259918963, 9781260140729 , 978-1259918964
