APPL has 50 year 5% semi-annuall coupon bond currently selling at $950. What is the YTM?

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter6: Fixed-income Securities: Characteristics And Valuation
Section: Chapter Questions
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APPL has 50 year 5% semi-annuall coupon bond currently selling at $950. What is
the YTM?
Transcribed Image Text:APPL has 50 year 5% semi-annuall coupon bond currently selling at $950. What is the YTM?
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