Question
You purchase a 1-year bond with a $1000 PAR value for $970, and it has a 4% coupon rate. If you hold it until the
You purchase a 1-year bond with a $1000 PAR value for $970, and it has a 4% coupon rate. If you hold it until the bond matures, what is the yield to maturity?
Please show calculation.
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The New International Financial System Analyzing The Cumulative Impact Of Regulatory Reform
Authors: Douglas Evanoff , Douglas D Evanoff , Andrew G Haldane , George G Kaufman
1st Edition
9814678325,9814678341
