Question
Yield to Maturity - you just purchased a bond which matures in six years. The bond has a face value of $1,000 and 7% annual
Yield to Maturity - you just purchased a bond which matures in six years. The bond has a face value of $1,000 and 7% annual coupon rate. The bond has a Current Yield of 7.21%. What is the YTM?
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Principles Of Managerial Finance
Authors: Chad Zutter, Scott Smart
16th Global Edition
1292400641, 978-1292400648
