Show me how to use hp12C formulas for this problem.
The Petit Chef Co. has 10.8 percent c...
Show me how to use hp12C formulas for this problem.
The Petit Chef Co. has 10.8 percent coupon bonds on the market with eight years left to maturity. The bonds make annual payments and have a par value of $1,000.
If the bonds currently sell for $1,129.70, what is the YTM?
Answers: 2
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