Question
(Yield to maturity) A bond's market price is 900. It has a $1000 par value, will mature in 6 years, and has a coupon interest
(Yield to maturity) A bond's market price is 900. It has a $1000 par value, will mature in 6 years, and has a coupon interest rate of 9 percent annual interest, but makes its interest payments semiannually.
What is the bond's yield to maturity?
What happens to the bond's yield to maturity if the bond matures in 12 years?
What if it matures in 3 years?
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Entrepreneurial Finance
Authors: J. Chris Leach, Ronald W. Melicher
2nd Edition
0324289235, 9780324289237
