A bond that does not pay any coupons will mature in one year. It has a par
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Question:
A bond that does not pay any coupons will mature in one year. It has a par value of $100. If it is currently selling at a price of $90.91, what is the Yield To Maturity on this bond? Round your answer to the nearest basis point.
Related Book For
Foundations of Financial Management
ISBN: 978-1259024979
10th Canadian edition
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta
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