macnasiahamiel
macnasiahamiel
30.03.2020 • 
Business

A corporate bond pays 7% of its face value once per year. If this $10 comma 000 10-year bond sells now for $10 comma 600, what yield will be earned on this bond? Assume the bond will be redeemed at the end of 10 years for $10 comma 000.

Solved
Show answers

Ask an AI advisor a question