Assume there is a 12-year, 9.5% semiannual coupon bond, with a par value of $1,000. The bond

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Assume there is a 12-year, 9.5% semiannual coupon bond, with a par value of $1,000. The bond sells for $1,152.

What is the bond’s yield to maturity (YTM)?

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Financial Markets and Institutions

ISBN: 978-0077861667

6th edition

Authors: Anthony Saunders , Marcia Cornett

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Posted Date: Aug 02, 2018 01:42 AM

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Assume there is a 12-year, 9.5% semiannual coupon bond, with a par value of $1,000. The bond

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In the calculation of the cash flows for the period we will use the following fo... View the full answer

Financial Markets and Institutions

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