Question
You bought Union Pacific Corp. bonds at a price of $983.10 . Bonds have 21 years to maturity, have face value of $1,000 and make
You bought Union Pacific Corp. bonds at a price of $983.10. Bonds have 21 years to maturity, have face value of $1,000 and make annual coupon payments at a coupon rate of 3.799% per year. Assuming you will hold these bonds to maturity what is the yield to maturity?
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Foundations Of Financial Markets And Institutions
Authors: Franco Modigliani, Frank J. Jones, Michael G. Ferri, Frank J. Fabozzi
3rd Edition
0130180793, 978-0130180797
