Question
Yield to Maturity you just purchased a bond which matures in eight years.The bond has a face value of $1,000 and a 6.25% annual coupon
Yield to Maturity you just purchased a bond which matures in eight years.The bond has a face value of $1,000 and a 6.25% annual coupon rate.The bond has a Current Yield of 7.29%.What is the YTM?
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Essentials of Investments
Authors: Zvi Bodie, Alex Kane, Alan J. Marcus
10th edition
77835425, 978-0077835422
