Compute the yield to maturity on the bond at the time of the sale, remembering that...
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Compute the yield to maturity on the bond at the time of the sale, remembering that the bond now has only 4 years left to maturity. Use $1000 as face. Solve on a financial calculator the equivalent of: $1000 $70 x PVAF (4, x%) + (1 + x)4 = $948.67 to get ytm: x = % Compute the yield to maturity on the bond at the time of the sale, remembering that the bond now has only 4 years left to maturity. Use $1000 as face. Solve on a financial calculator the equivalent of: $1000 $70 x PVAF (4, x%) + (1 + x)4 = $948.67 to get ytm: x = %
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Payroll Accounting 2016
ISBN: 978-1259572197
2nd edition
Authors: Jeanette Landin, Paulette Schirmer
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