cynditorrez5797 cynditorrez5797
  • 21-12-2020
  • Business
contestada

Terrapins has a bond issue outstanding with nine years remaining to maturity, a coupon rate of 10% with interest paid semi-annually, and a par value of $1,000. If the current market price of the bond issue is $814.45, what is the yield to maturity?

Respuesta :

Freemore
Freemore Freemore
  • 21-12-2020

Answer:

the answer is $345.98.

Explanation:

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