A corporate bond with a face value of $ 1 0 0 0 will mature in 5

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Question:

A corporate bond with a face value of $

1000

will mature in

5

years, and has a semi

-

annual coupon rate of

7 %

with a current yield of

8.25 % .

What is the bonds yield to maturity?

Related Book For answer-question

Corporate Finance

ISBN: 9781265533199

13th International Edition

Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe

See More Books

Posted Date: Mar 16, 2024 04:14 AM

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A corporate bond with a face value of $ 1 0 0 0 will mature in 5

Question:

Expert Answer:

To calculate the bonds yield to maturity YTM we need to use the formula and the given information YT... View the full answer

Corporate Finance

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