FOUND.OF FINANCIAL MANAGEMENT-ACCESS
FOUND.OF FINANCIAL MANAGEMENT-ACCESS
17th Edition
ISBN: 9781260519969
Author: BLOCK
Publisher: MCG
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Chapter 16, Problem 12P
Summary Introduction

To calculate: The effective yield to maturity.

Introduction:

Yield to maturity (YTM):

It reflects the total return that is received by an investor by holding the bond until it matures. It is helpful for the investor in making effective investment decisions.

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Chapter 16 Solutions

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