The market price is $1125 for a 14 year bond ($100 value) that pays 11 percent annual interest, but makes interest
Posted: Sun May 29, 2022 6:17 pm
The market price is $1125 for a 14 year bond ($100
value) that pays 11 percent annual interest, but makes
interest payments on a semiannual basis 5.5( percent
semiannually). What is the bond's yield to maturity?
value) that pays 11 percent annual interest, but makes
interest payments on a semiannual basis 5.5( percent
semiannually). What is the bond's yield to maturity?