Question: please don't do it with Excel. thank you. The North Life Corp. issued a 30-year bond 14 years ago with a face value of $1,000
please don't do it with Excel. thank you.
The North Life Corp. issued a 30-year bond 14 years ago with a face value of $1,000 and a coupon rate of 8% (semi- annual payments). The bond is currently selling for $728. What is the yield to maturity to an investor who buys it today at that price
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