Question
You notice in the WSJ a bond that is currently selling in the market for $1,081 with a coupon of 12% and a(n) 18-year maturity.
You notice in the WSJ a bond that is currently selling in the market for $1,081 with a coupon of 12% and a(n) 18-year maturity. Using annual compounding, calculate the promised yield on this bond.
The bond's promised yield is (blank) percent ? *round to two decimal places*
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The Handbook Of Loan Syndications And Trading
Authors: Marsh, Lee Shaiman, Bridget Marsh
2nd Edition
1264258526, 978-1264258529
