What would his approximate yield to maturity be
Problem
Barry Cuda is considering the purchase of the following Builtrite bond: $1000 par, 3 1/4% coupon rate, 15 year maturity that is currently selling for $970. If Barry purchases this bond, what would his approximate yield to maturity be?
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Calculating EAR with Points You are looking at a one-year loan of $15,000. What rate would you actually be paying here?
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Barry Cuda is considering the purchase of the following Builtrite bond. If Barry purchases this bond, what would his approximate yield to maturity be?
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