Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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The market price is $900 for 13 year bond ($1000) value that pays 9 percent annual interest but makes interest payments on a semiannual basis(4.5 percent semiannually). What is the bond yield to naturity?
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