Question
What is the yield to maturity of a ten- year, $10,000 bond with a 5.4% coupon rate and semiannual coupons if this bond is currently
What is the yield to maturity of a ten- year, $10,000 bond with a 5.4% coupon rate and semiannual coupons if this bond is currently trading for a price of $9207.93?
A) 6.49% B) 3.24% C) 7.79% D) 9.08%
please do it manually, with step by step explanation! thanks!
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Construction Accounting And Financial Management
Authors: Steven J. Peterson
1st Edition
0131109391, 978-0131109391
