The Sisyphean Company has an outstanding bond with a face value of $1,000 that matures in 15
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The Sisyphean Company has an outstanding bond with a face value of $1,000 that matures in 15 years. The bond certificate indicates that the stated coupon rate for this bond is 8% and that coupon payments will be made semi-annually. Assuming this bond trades at $903, then calculate the YTM of this bond.
Related Book For
Financial Accounting
ISBN: 9781264229734
11th Edition
Authors: Robert Libby, Patricia Libby, Frank Hodge
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