Question
Your broker has offered to sell you a bond with a maturity of 4 years, a face value of $100, and that pays annual coupons
Your broker has offered to sell you a bond with a maturity of 4 years, a face value of $100, and that pays annual coupons with a coupon rate of 4%,. The current price of the bond is $98.
What is the the yield-to-maturity of this bond?
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Principles of Finance
Authors: Scott Besley, Eugene F. Brigham
6th edition
9781305178045, 1285429648, 1305178041, 978-1285429649
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