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 6:47 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?
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?