Question
What is the yield of maturity of a 4-year bond that pays a coupon rate of 6.23 percent per year, has a $1,000 par value,
What is the yield of maturity of a 4-year bond that pays a coupon rate of 6.23 percent per year, has a $1,000 par value, and is currently priced at $990? Assume annual coupon payments. Round the answers to two decimal places in percentage form.
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Personal Finance
Authors: Thomas Garman, Raymond Forgue
12th edition
9781305176409, 1133595839, 1305176405, 978-1133595830
