Question
What is the yield to maturity of a 16-year bond that pays a coupon rate of 11.93 percent per year, has a $1,000 par value,
What is the yield to maturity of a 16-year bond that pays a coupon rate of 11.93 percent per year, has a $1,000 par value, and is currently priced at $894? Assume annual coupon payments. round answers two decimal places in percentage
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Introduction to Finance Markets Investments and Financial Management
Authors: Melicher Ronald, Norton Edgar
15th edition
9781118800720, 1118492676, 1118800729, 978-1118492673
