The market price is $1,200 for a 19-year bond ($1,000 par value) that pays 9 percent annual interest, but makes int
Posted: Sun Jun 05, 2022 6:46 am
The market price is $1,200 for
a 19-year bond ($1,000 par value) that
pays 9 percent annual interest, but makes interest
payments on a semiannual basis
(4.5 percent semiannually). What is the bond's
yield to maturity?
a 19-year bond ($1,000 par value) that
pays 9 percent annual interest, but makes interest
payments on a semiannual basis
(4.5 percent semiannually). What is the bond's
yield to maturity?