Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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Consider a bond with a coupon rate of 7%. The bond has a par value of $1,000, a current price of $850, and it will mature in 20 years. What is the yield to maturity YTM using:
A- the exact method and
B- the approximate method
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