Question
You just purchased a $1,000 par value, 11-year, 6 percent annual coupon bond that pays interest on a semiannual basis. The bond sells for $1,042.
You just purchased a $1,000 par value, 11-year, 6 percent annual coupon bond that pays interest on a semiannual basis. The bond sells for $1,042. What is the bonds nominal yield to maturity (enter answer as a percentage)?
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Crypto Asset Investing In The Age Of Autonomy
Authors: Jake Ryan
1st Edition
1119705363, 978-1119705369
