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What's the YTM on a 10-year, 9% annual coupon, $1,000 par value bond that sells for $887 ? VB=(1+rd)1INT++(1+rd)NINT+(1+rd)NM887=(1+rd)190++(1+rd)1090+(1+rd)101,000rd= rd= Sells at a premium. Because
What's the YTM on a 10-year, 9% annual coupon, $1,000 par value bond that sells for $887 ? VB=(1+rd)1INT++(1+rd)NINT+(1+rd)NM887=(1+rd)190++(1+rd)1090+(1+rd)101,000rd= rd= Sells at a premium. Because coupon=9%>rd=7.08%, bond's value > par Step by Step Solution
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Challenges And Impacts Of Religious Endowments On Global Economics And Finance
Authors: Buerhan Saiti , Adel Sarea
1st Edition
1799812456,1799812480
