A 16-year Zero Coupon Bond with redemption value of $100 is priced at $53.0633. Algebraically find the
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A 16-year Zero Coupon Bond with redemption value of $100 is priced at $53.0633. Algebraically find the yield to maturity. Your answer must be stated as a per annum rate compounded semiannually. Your final answer should be correct to 2 places after the decimal point. You may not use The Salesman’s Rule. Calculate The yield to maturity per annum compounded semiannually
Related Book For
Introduction To Corporate Finance
ISBN: 9781118300763
3rd Edition
Authors: Laurence Booth, Sean Cleary
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