A municipal bond has 7 years until maturity and sells for $5,037. If the coupon rate on
Fantastic news! We've Found the answer you've been seeking!
Question:
A municipal bond has 7 years until maturity and sells for $5,037. If the coupon rate on the bond is 4.99 percent, what is the yield to maturity? (Round your answer to 2 decimal places. Omit the "%" sign in your response.)
Related Book For
Fundamentals of Investments Valuation and Management
ISBN: 978-0077283292
5th edition
Authors: Bradford D. Jordan, Thomas W. Miller
Posted Date: