Question
What is the yield to maturity on a bond that you purchased for $1,294, assuming that the bond has 16 years to maturity, a par
What is the yield to maturity on a bond that you purchased for $1,294, assuming that the bond has 16 years to maturity, a par value of $1,000, and a coupon rate of 3.65%? The bond pays coupon interest semiannually.
What is the YTM?
What is the effective annual yield on this bond?
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Real Estate Development Principles And Process
Authors: Mike E. Miles, Laurence M. Netherton, Adrienne Schmitz
5th Edition
0874203430, 978-0874203431
