Question
You just purchased a $1,000 par value, 10-year, 9 percent annual coupon bond that pays interest on a semiannual basis. The bond sells for $1,007.
You just purchased a $1,000 par value, 10-year, 9 percent annual coupon bond that pays interest on a semiannual basis. The bond sells for $1,007. What is the bonds nominal yield to maturity (enter answer as a percentage)?
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Foundations Of Real Estate Financial Modelling
Authors: Roger Staiger
1st Edition
1138025178, 978-1138025172
