Question
You just went online and checked the price of a $1000 par value, semi-annual coupon ABC Corp bond and see that is selling for $1030.
You just went online and checked the price of a $1000 par value, semi-annual coupon ABC Corp bond and see that is selling for $1030. This bond was issued 12 years ago with a 6% coupon rate and originally sold for par. The bond has 4 years left until maturity. Find the YTM for this bond.
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The FinTech Book The Financial Technology Handbook For Investors Entrepreneurs And Visionaries
Authors: Susanne Chishti, Janos Barberis
1st Edition
111921887X, 9781119218876
