6. A company just issued a 15-year bond that has a face value of $1,000 and a coupon rate of 10% Similar bonds are priced at 95% of par (or face) value (Take 95% of the face value for the price). Given this information, what is the yield to maturity on this bond? (assume the bond pays annual coupons) N I/Y PV PMT FV
6. A company just issued a 15-year bond that has a face value of $1,000 and a coupon rate of 10% Similar bonds are priced at 95% of par (or face) value (Take 95% of the face value for the price). Given this information, what is the yield to maturity on this bond? (assume the bond pays annual coupons) N I/Y PV PMT FV
Chapter6: Bonds (debt) - Characteristics And Valuation
Section: Chapter Questions
Problem 4PROB
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