Question
You notice in the WSJ a bond that is currently selling in the market for $1097 with a coupon of 11% and a(n) 23-year maturity.
You notice in the WSJ a bond that is currently selling in the market for $1097 with a coupon of 11% and a(n) 23-year maturity. Using annual compounding, calculate the promised yield on this bond.
The bond's promised yield is
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Risk Management And Financial Institutions
Authors: John Hull
1st Edition
0132397900, 9780132397902
