Consider a coupon bond that has a par value of $800 and a coupon rate of...
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Consider a coupon bond that has a par value of $800 and a coupon rate of 6%. The bond is currently selling for $807.39 and has 2 years to maturity. What is the bond's yield to maturity (YTM)? (If you don't have a financial calculator you will have to guess and interate to the correct answer.) The yield to maturity is%. (Round your response to one decimal place.) Consider a coupon bond that has a par value of $800 and a coupon rate of 6%. The bond is currently selling for $807.39 and has 2 years to maturity. What is the bond's yield to maturity (YTM)? (If you don't have a financial calculator you will have to guess and interate to the correct answer.) The yield to maturity is%. (Round your response to one decimal place.)
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Par value of bond 800 Coupon rafe 6 Selling price 48... View the full answer
Related Book For
Corporate Finance A Focused Approach
ISBN: 978-1305637108
6th edition
Authors: Michael C. Ehrhardt, Eugene F. Brigham
Posted Date:
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