Consider a coupon bond that has a par value of $800 and a coupon rate of 5%. The bond is currently selling for $792.61 and has 2 years to maturity. What is the bond's yield to maturity (YTM)? The yeid to maturity is%. (Round your response to one decimal place)
Consider a coupon bond that has a par value of $800 and a coupon rate of 5%. The bond is currently selling for $792.61 and has 2 years to maturity. What is the bond's yield to maturity (YTM)? The yeid to maturity is%. (Round your response to one decimal place)
Managerial Economics: A Problem Solving Approach
5th Edition
ISBN:9781337106665
Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Chapter5: Investment Decisions: Look Ahead And Reason Back
Section: Chapter Questions
Problem 5.2IP
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