Question
You bought a $30,000 discount bond for $25,000 The bond matures in 2 years. The maturity is greater than a year, so you have to
You bought a $30,000 discount bond for $25,000
The bond matures in 2 years.
The maturity is greater than a year, so you have to use the present value
What is it's Yield to Maturity?
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International Financial Reporting And Analysis
Authors: David Alexander, Ann Jorissen, Martin Hoogendoorn
8th Edition
978-1473766853, 1473766850
