Question
You just purchased a bond that matures in 4 years. The bond has a face value of $1,000 and a 9% annual coupon. The bond
You just purchased a bond that matures in 4 years. The bond has a face value of $1,000 and a 9% annual coupon. The bond has a current yield of 7.63%. What is the bond's yield to maturity? Do not round intermediate calculations. Round your answer to two decimal places.
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Valuation Measuring and managing the values of companies
Authors: Mckinsey, Tim Koller, Marc Goedhart, David Wessel
5th edition
978-0470424650, 9780470889930, 470424656, 470889934, 978-047042470
