Question
You buy a fixed-rate coupon bond that has a face value of $1000 and 10 years to maturity. The current market price is $820, and
You buy a fixed-rate coupon bond that has a face value of $1000 and 10 years to maturity. The current market price is $820, and the coupon rate is 9 percent with semiannual payments. What is the yield to maturity for this bond?
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Fundamentals Of Financial Management
Authors: James Van Horne, John Wachowicz
13th Revised Edition
978-0273713630, 273713639
