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You are interested in purchasing a bond from ExAm Solutions. The bond had a 30 year maturity when it was issued, which was 10 years
You are interested in purchasing a bond from ExAm Solutions. The bond had a 30 year maturity when it was issued, which was 10 years ago. Its face value was $1,000. The bond pays semi annual interest at an 8% coupon rate. The bond currently trades at a price of $950, what is the YTM?
You are interested in purchasing a bond from ExAm Solutions. The bond had a 30 year maturity when it was issued, which was 10 years ago. Its face value was $1,000. The bond pays semi- annual interest at an 8% coupon rate. The bond currently trades at a price of $950, what is the YTM a. .0846 Ob. .0876 OC .0423 d. A different value e. .092 Step by Step Solution
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