Question
You have purchased a $1,000,000 million face or par value 5-year note. This 5-year T-note pays a 2.5% coupon (paid semi-annual) and has a current
You have purchased a $1,000,000 million face or par value 5-year note. This 5-year T-note pays a 2.5% coupon (paid semi-annual) and has a current market price equal to 94.50% of face or par value (945,0000). What is the current Yield to Maturity of this 5 year T-note?
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Financial management theory and practice
Authors: Eugene F. Brigham and Michael C. Ehrhardt
12th Edition
978-0030243998, 30243998, 324422695, 978-0324422696
