Ford Motor Co. has bonds outstanding which are priced at $927.50. These bonds carry a coupon rate
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Ford Motor Co. has bonds outstanding which are priced at $927.50. These bonds carry a coupon rate of 5.6%, make semiannual payments, and mature in 10 years. Assuming the par value is $1,000, what is the annual yield to maturity (YTM) on these bonds?
Related Book For
Fundamentals Of Corporate Finance
ISBN: 9780072553079
6th Edition
Authors: Stephen A. Ross, Randolph Westerfield, Bradford D. Jordan
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