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. (Write the percentage sign in the "units" box). You should use Excel or financial calculator.
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Fundamentals Of Financial Management
Authors: James Van Horne, John Wachowicz
13th Revised Edition
978-0273713630, 273713639
