A Ten-year Bond Pays 11% Interest On A $1000 Face Value Annually. If It Currently Sells For $1,195, What Is Its Approximate Yield To Maturity? (Show the calculations/formulas)
A Ten-year Bond Pays 11% Interest On A $1000 Face Value Annually. If It Currently Sells For $1,195, What Is Its Approximate Yield To Maturity?
7.94%