American airline has a bond outstanding that’s priced at $1181.80 per bond .Bond’s coupon rate of 6.05% per year, makes semiannual payments, matures…
American airline has a bond outstanding that’s priced at $1181.80 per bond .Bond’s coupon rate of 6.05% per year,
makes semi‐annual payments, matures in 18 years, and has a par value of $1,000. Calculate the annual yield to maturity
on this bond.
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