Question
You bought a $1,000 face value bond yesterday for $1,300. Today the price is $1,279. If the bond matures in 17 years and pays a
You bought a $1,000 face value bond yesterday for $1,300. Today the price is $1,279. If the bond matures in 17 years and pays a 4% coupon, what is today's YTM? NOTE: answer in decimal format to the fourth decimal place and not in a percentage format.
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Foundations Of Financial Management
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen
17th Edition
126001391X, 978-1260013917
