Question
You are evaluating an outstanding issue of $1,000 par value bonds with a(n) 8.39% coupon rate that mature in 25 years and make quarterly interest
You are evaluating an outstanding issue of $1,000 par value bonds with a(n) 8.39% coupon rate that mature in 25 years and make quarterly interest payments. If the current market price for the bonds is$842, what is the quoted annual yield to maturity for the bonds?
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The Cold Start Problem
Authors: Andrew Chen
1st Edition
0062969749, 978-0062969743
