The market price is $1,050 for a 19-year bond ($1,000 par value) that pays 8 percent annual interest, but makes int
Posted: Sun May 29, 2022 5:53 pm
The market price is $1,050 for a 19-year bond ($1,000 par
value) that pays 8 percent annual interest, but makes interest
payments on a semiannual basis (4 percent semiannually).
What is the bond's yield to maturity?
value) that pays 8 percent annual interest, but makes interest
payments on a semiannual basis (4 percent semiannually).
What is the bond's yield to maturity?