Question
you purchase a bond which is priced at $875 today. It pays $80 a year in interest (i.e the coupon rate is 8%) and the
you purchase a bond which is priced at $875 today. It pays $80 a year in interest (i.e the coupon rate is 8%) and the bond matures after 10 years.
A) what is the current yield?
B) what is the yield to maturity?
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Contemporary Issues In Development Finance
Authors: Joshua Yindenaba Abor, Robert Lensink, Charles Komla Delali Adjasi
1st Edition
1138324329, 978-1138324329
