Zachary is considering buying a bond issued by CSD that pays coupon interest semi-annually, has 17 years remaining to maturity, and has a coupon rate of 6.00%. If the bond sells for $990.00, then yield-to-maturity is %. Assume a $1,000 par value.
Zachary is considering buying a bond issued by CSD that pays coupon interest semi-annually, has 17 years remaining to maturity, and has a coupon rate of 6.00%. If the bond sells for $990.00, then yield-to-maturity is %. Assume a $1,000 par value.
Chapter6: Fixed-income Securities: Characteristics And Valuation
Section: Chapter Questions
Problem 4P
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