Question
XYZ Inc recently issued $1,000 par bonds at a 5.25% coupon rate. If the bonds have 15 years to maturity and current price of $1,125,
XYZ Inc recently issued $1,000 par bonds at a 5.25% coupon rate. If the bonds have 15 years to maturity and current price of $1,125, what is the yield to maturity? Assume semi-annual compounding. Convert your answer to percentage
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Innovation In Public Transport Finance
Authors: Shishir Mathur
1st Edition
1138250139, 978-1138250130
