Question
What is the yield to maturity of a 23 year bond that pays a coupon rate of 7.05 percent per year, has a 1,000 par
What is the yield to maturity of a 23 year bond that pays a coupon rate of 7.05 percent per year, has a 1,000 par value, and is currently priced at $1,487? Assume annual coupon payments. Round the answer to two decimal places.
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Personal Finance
Authors: Thomas Garman, Raymond Forgue
12th edition
9781305176409, 1133595839, 1305176405, 978-1133595830
