Question
What is the yield to maturity of a 8-year bond that pays a coupon rate of 16.88% per year, has a $1000 par value, and
What is the yield to maturity of a 8-year bond that pays a coupon rate of 16.88% per year, has a $1000 par value, and is currently priced at $1250? Assume annual coupon payments
Round the answers to two decimal places in percentage form.
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Elementary Statistics
Authors: Mario F. Triola
11th Edition
321500245, 321500243, 978-0321500243
