Question
You bought Verizon Communications Inc. bonds at a price of $1,844.60 . Bonds have 19 years to maturity, have face value of $1,000 and make
You bought Verizon Communications Inc. bonds at a price of $1,844.60. Bonds have 19 years to maturity, have face value of $1,000 and make annual coupon payments at a coupon rate of 8.95% per year. Assuming you will hold these bonds to maturity what is the yield to maturity?
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Get Rich With Dividends
Authors: Marc Lichtenfeld
3rd Edition
1119985552, 978-1119985556
