Question
You are looking at another 5-year zero-coupon bond which matures on 2/22/2021, paying $1,000, and its price is $983.27. If the 2-year risk-free rate is
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You are looking at another 5-year zero-coupon bond which matures on 2/22/2021, paying $1,000, and its price is $983.27. If the 2-year risk-free rate is 2.25%, what is the bonds YTM?
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Modern Financial Markets Prices, Yields, And Risk Analysis
Authors: Mark Griffiths, Drew Winters, David W Blackwell
1st Edition
0470000104, 9780470000106
