Question
You own a bond that pays pays interest annually. The coupon rate is 12%. The face value is $1,000 and the current market price is
You own a bond that pays pays interest annually. The coupon rate is 12%. The face value is $1,000 and the current market price is $1,062.50. The bond matures in 30 years. What is the yield to maturity? (round your answer to two decimal places)
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International Financial Markets And The Firm
Authors: Piet Sercu, Raman Uppal
1st Edition
1861523548, 978-1861523549
