If a bond with face value of $1,000 and a coupon rate of 8% is selling at
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If a bond with face value of $1,000 and a coupon rate of 8% is selling at a price of $970, is the bond’s yield to maturity more or less than 8%?
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Related Book For
Fundamentals Of Corporate Finance
ISBN: 9781264101566
11th Edition
Authors: Richard A. Brealey, Stewart C. Myers, Alan J. Marcus
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Related Video
The yield to maturity (YTM) is the percentage rate of return for a bond assuming that the investor holds the asset until its maturity date. This video will give a complete tutorial on how to calculate Yield to Maturity on Microsoft Excel
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