A 25-year, $1,000 par value bond has an 8.5% semi-annual coupon. The bond currently sells for $875.
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A 25-year, $1,000 par value bond has an 8.5% semi-annual coupon. The bond currently sells for $875. What is the Yield to Maturity of this 25-year bond?
Related Book For
Investment Analysis and Portfolio Management
ISBN: 978-0538482387
10th Edition
Authors: Frank K. Reilly, Keith C. Brown
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