A $5000, 14.5% bond with semi-annual coupons redeemable at par on August 1, 2022, was purchased on

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A $5000, 14.5% bond with semi-annual coupons redeemable at par on August 1, 2022, was purchased on March 5, 2011, at 95.5. What was the approximate yield rate?

The approximate yield rate was?

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Introduction to Finance Markets Investments and Financial Management

ISBN: 978-1118492673

15th edition

Authors: Melicher Ronald, Norton Edgar

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Posted Date: Apr 30, 2019 09:02 AM

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A $5000, 14.5% bond with semi-annual coupons redeemable at par on August 1, 2022, was purchased on

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YTM CFPN FP2 here C10001452725 divided by 2 because payment i... View the full answer

Introduction to Finance Markets Investments and Financial Management

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