question archive A Macrohard Corp
A Macrohard Corp
Subject:FinancePrice:2.87 Bought7
A Macrohard Corp. bond carries an 8 percent coupon, paid semi-annually. The par value is $1,000, and the bond matures in six years. If the bond currently sells for $911.37
a.What is its yield to maturity (YTM)?
b. What is the effective annual yield?
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