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M&B3 3rd Edition by Dean Croushore
Edition 3ISBN: 978-1285167961M&B3 3rd Edition by Dean Croushore
Edition 3ISBN: 978-1285167961 Exercise 12
Find the yield to maturity of the following securities:
a A security paying $1,000 in one year, for which you pay $926 today.
b A security paying $80 one year from now and $1,080 two years from now, for which you pay $1,050 today.
c A security paying $50 every six months for the next fi ve years (beginning six months from now), plus the return of the face value of $1,000 at the end of the fi ve years, for which you pay $1,000 today.
a A security paying $1,000 in one year, for which you pay $926 today.
b A security paying $80 one year from now and $1,080 two years from now, for which you pay $1,050 today.
c A security paying $50 every six months for the next fi ve years (beginning six months from now), plus the return of the face value of $1,000 at the end of the fi ve years, for which you pay $1,000 today.
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M&B3 3rd Edition by Dean Croushore
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