Question
What is the yield to maturityy of a 23 year bond that pays a coupon rate of 8.25% per year, has a $1000 par value
What is the yield to maturityy of a 23 year bond that pays a coupon rate of 8.25% per year, has a $1000 par value and is currently priced at $1,298.05? Assume semi-annual coupon payments. Round the answer to two decimal places in percentage form.
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Investment Analysis And Portfolio Management
Authors: Frank K. Reilly, Keith C. Brown
6th Edition
003025809X, 978-3540014386
