Question
You observe a 15% annual coupon bond. The current price of the bond is $1,200 and it has a face value of $1,000. There are
You observe a 15% annual coupon bond. The current price of the bond is $1,200 and it has a face value of $1,000. There are exactly 3 years remaining until the maturity of the bond. If you buy this bond now, what would be your YTM on it?
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Intermediate Financial Management
Authors: Brigham, Daves
10th Edition
978-1439051764, 1111783659, 9780324594690, 1439051763, 9781111783655, 324594690, 978-1111021573
