A bond for a company has a par value of $100 and matures on 2 December 2019.

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A bond for a company has a par value of $100 and matures on 2 December 2019. It has a price of $113.191 on 31 July 2014 and pays a coupon rate of 6.125%. What is the yield on this bond?

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Financial Management Core Concepts

ISBN: 978-0132671033

2nd edition

Authors: Raymond M Brooks

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Posted Date: Mar 03, 2024 05:11 AM

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A bond for a company has a par value of $100 and matures on 2 December 2019.

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Calculating the Yield on the Bond 1 Calculate the number of years to maturity Maturity date Dece... View the full answer

Financial Management Core Concepts

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