Problems Chapter 6 e.edu
Define the yield-to-maturity (YTM) of a bond. Bond XYZ (8 per cent coupon) with a nominal value of R3 million matures on 30 September 2015 with coupon dates of 31 March and 30 September, and is traded (and settled) on 15 August 2011 at a yield of 6,75 per cent. … ................
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