Question
You have just purchased an outstanding 15-year bond with a par value of $1,000 for $1,145.68. Its annual coupon payment is $75. What is the
You have just purchased an outstanding 15-year bond with a par value of $1,000 for $1,145.68. Its annual coupon payment is $75. What is the bond's yield to maturity? Please walk through the steps to complete the problem.
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Introduces Quantitative Finance
Authors: Paul Wilmott
2nd edition
470319585, 470319581, 978-0470319581
