Question
What is the yield to maturity of a bond with the following characteristics? $1350 price today; 8% coupon, paid semi-annually; 6 years to maturity; $1,000
What is the yield to maturity of a bond with the following characteristics?
- $1350 price today;
- 8% coupon, paid semi-annually;
- 6 years to maturity;
- $1,000 face value.
Assume semi-annual interest compounding. Round your answer to 4 decimal places. For example if your answer is 3.205%, then please write down 0.0321.
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American Public School Finance
Authors: William A. Owings, Leslie S. Kaplan
3rd Edition
113849996X, 978-1138499966
