Question
You notice in the WSJ a bond that is currently selling in the market for $1,044 with a coupon of 11% and a(n) 25-year maturity.
You notice in the WSJ a bond that is currently selling in the market for $1,044 with a coupon of 11% and a(n) 25-year maturity. Using annual compounding, calculate the promised yield on this bond.
The bond's promised yield is %. (Round to two decimal places.)
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Foundations In Personal Finance
Authors: Dave Ramsey
1st Edition
0981683967, 978-0981683966
