A 575 percent coupon bond with 12 years left to maturity is
A 5.75 percent coupon bond with 12 years left to maturity is offered for sale at $978.83. What yield to maturity is the bond offering? (Assume interest payments are paid semi-annually and par value is $1,000.) Please show all work and formulas.
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on a warm summer day in early july 2011 ms smith of the executive team of x company sat in her office preparing a
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