interest payments
The market price is $775for a 9-year bond ($1,000par 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?
The market price is $775for a 9-year bond ($1,000par 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?
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