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You are asked to value corporate bonds (issued by a U.S. firm) with the following characteristics: Face value = $1,000; Annual coupon=$90 (paid in semi-annual
- You are asked to value corporate bonds (issued by a U.S. firm) with the following characteristics:
Face value = $1,000; Annual coupon=$90 (paid in semi-annual installments); Maturity = 7 years; Today's price = $1070.00
What is the Yield to Maturity for those bonds?
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Investments
Authors: Zvi Bodie, Alex Kane, Alan J. Marcus
9th Edition
73530700, 978-0073530703
