There is a bond that has a quoted price of 105.957 and a par value of $2,000.

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There is a bond that has a quoted price of 105.957 and a par value of $2,000. The coupon rate is 6.90 percent and the bond matures in 24 years. If the bond makes semiannual coupon payments, what is the YTM of the bond?

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Fundamentals of Engineering Economics

ISBN: 978-0132775427

3rd edition

Authors: Chan S. Park

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Posted Date: Aug 02, 2019 05:52 AM

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There is a bond that has a quoted price of 105.957 and a par value of $2,000.

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The detailed answer for the above question is provided below To calculate the YTM of the bond we nee... View the full answer

Fundamentals of Engineering Economics

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