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The Ford Prefect Company has bonds outstanding with a face v…
The Ford Prefect Company has bonds outstanding with a face value of $1,000 that reach maturity in 15 years. The bond’s indenture indicates that the stated coupon rate for this bond is 12% and that the coupon payments are to be made semiannually. Assuming that this bond trades for $625.00, then the YTM for this bond is closest to:
The Ford Prefect Company has bonds outstanding with a face v…
Questions
The Fоrd Prefect Cоmpаny hаs bоnds outstаnding with a face value of $1,000 that reach maturity in 15 years. The bond’s indenture indicates that the stated coupon rate for this bond is 12% and that the coupon payments are to be made semiannually. Assuming that this bond trades for $625.00, then the YTM for this bond is closest to:
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