Assume there is a 12-year, 9.5% semiannual coupon bond, with a par value of $1,000. The bond
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Assume there is a 12-year, 9.5% semiannual coupon bond, with a par value of $1,000. The bond sells for $1,152.
What is the bond’s yield to maturity (YTM)?
Related Book For
Financial Markets and Institutions
ISBN: 978-0077861667
6th edition
Authors: Anthony Saunders , Marcia Cornett
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