Question: Repeat the previous problem if the bond makes semi-annual coupon payments. A 30-year maturity bond with $1,000 face value makes annual coupon payments and has
A 30-year maturity bond with $1,000 face value makes annual coupon payments and has a coupon rate of 8%. What is the bond's yield to maturity if the bond is selling for
a. $900?
b. $1,000?
c. $1,100?
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On your calculator set N60 FV1000 PMT40 a Set PV 900 and compute the interest rate to find tha... View full answer
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