A bond with 15 years to maturity, a face value of $1000, pays a coupon rate of 14% APR compounded semi-annually. If this bond is priced at $1000. What is the yield-to-maturity stated as an APR with semi-annual compounding?
A bond with 15 years to maturity, a face value of $1000, pays a coupon rate of 14% APR compounded semi-annually. If this bond is priced at $1000. What is the yield-to-maturity stated as an APR with semi-annual compounding?
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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A bond with 15 years to maturity, a face value of $1000, pays a coupon rate of 14% APR compounded semi-annually. If this
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