question archive CSM Corporation has a bond issue outstanding at the end of 2006
CSM Corporation has a bond issue outstanding at the end of 2006
Subject:AccountingPrice:2.84 Bought3
CSM Corporation has a bond issue outstanding at the end of 2006. The bond has 10 years remaining to maturity and carries a coupon interest rate of 10%. Interest on the bond is compounded on a semiannual basis. The par value of the CSM bond is $1,000 and it is currently selling for $885.3. Find the Yield to Maturity?
