Leechtown Co. has 4.3% coupon bonds on the market with 18 years left to maturity. The bonds make annual payments. If the bond currently sells for $870, what is Its YTM? (Do not round Intermediate calculations. Round the final answer to 2 decimal places.) Yield to maturity

Leechtown Co. has 4.3% coupon bonds on the market with 18 years left to maturity. The bonds make annual payments. If the bond currently sells for $870, what is Its YTM? (Do not round Intermediate calculations. Round the final answer to 2 decimal places.) Yield to maturity

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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1
Leechtown Co. has 4.3% coupon bonds on the market with 18 years left to maturity. The bonds make annual payments. If the bond
currently sells for $870, what Is Its YTM? (Do not round Intermediate calculations. Round the final answer to 2 decimal places.)
Yield to maturity

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