Finding the Yield of Maturity
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Southern Bell has issued 4 3/8 percent bonds that mature on August 1, 2011. Assume that interest is paid and compounded annually. Determine the yield to maturity if an investor purchases a $1,000 denomination bond for $853.75 on August 1, 2004.
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This solution provides calculations in Excel for yield of maturity.
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Southern Bell has issued 4 3/8 percent bonds that mature on August 1, 2011.
Assume that interest is paid and compounded annually. Determine the ...
Purchase this Solution
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