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Your client wants to invest in an Eskom Bond that pays a 9.5% coupon semi-annually. He knows that it is currently trading in the
Your client wants to invest in an Eskom Bond that pays a 9.5% coupon semi-annually. He knows that it is currently trading in the market at R 8 319 420.80 and has a face value of R10 000 000, which he will receive on 30 June 2013. If he buys it on 28th February 2010 and holds it to maturity, what is the yield? (what is the YTM?)
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To calculate the yield to maturity YTM of the Eskom Bond we can use the following f...
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Business Mathematics In Canada
Authors: Ernest Jerome
7th edition
978-0071091411, 71091416, 978-0070009899
