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 the answers to two decimal places in percentage form.
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Financial Statements
Authors: Inc. BarCharts
1st Edition
1423223837, 978-1423223832
