Question
YIELD TO MATURITY A bond has a $1,000 par value, 12 years to maturity, and a 8% semiannual coupon and sells for $995. What is
YIELD TO MATURITY A bond has a $1,000 par value, 12 years to maturity, and a 8% semiannual coupon and sells for $995. What is its yield to maturity (YTM)? Round to TWO decimal place.
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Financial Markets And Institutions
Authors: Frederic S. Mishkin, Stanley Eakins
6th International Edition
0321552113, 9780321552112
