Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter8: Basic Stock Valuation
Section: Chapter Questions
Problem 3Q: A bond that pays interest forever and has no maturity date is a perpetual bond, also called a...
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A bond that pays interest forever and has no maturity date is a perpetual bond. How is the yield to maturity on such a bond determined?
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