You are considering the purchase of a Coupon Bond that matures in fourteen years, and pays 4.35%
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Question:
You are considering the purchase of a Coupon Bond that matures in fourteen years, and pays 4.35% (annual) coupons. The price of the bond is listed in the financial press as 91.232% of par value. Calculate the Yield-to-Maturity (YTM) on the security. (The answer is a percent, round your answer to two decimal places, e.g. 4.75)
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Related Book For
Fundamentals of Financial Management
ISBN: 978-0324664553
Concise 6th Edition
Authors: Eugene F. Brigham, Joel F. Houston
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