A company has a bond with a par value of $2,000 that sells for $1,825.60. The...
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A company has a bond with a par value of $2,000 that sells for $1,825.60. The bond has a coupon rate of 7% and matures in 13 years. If the bond makes semiannual coupon payments, what is the YTM of the bond? A company has a bond with a par value of $2,000 that sells for $1,825.60. The bond has a coupon rate of 7% and matures in 13 years. If the bond makes semiannual coupon payments, what is the YTM of the bond?
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To calculate the Yield to Maturity YTM of the bond we need to use the following steps 1 Calculate th... View the full answer
Related Book For
Fundamentals of Investments Valuation and Management
ISBN: 978-0077283292
5th edition
Authors: Bradford D. Jordan, Thomas W. Miller
Posted Date:
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