Footsteps Company has a bond outstanding with a coupon rate of 5.8 percent and annual payments. The bond currently sells for $939.96, matures in 16
Footsteps Company has a bond outstanding with a coupon rate of 5.8 percent and annual payments. The bond currently sells for $939.96, matures in 16 years, and has a par value of $1,000. What is the YTM of the bond? Multiple Choice O 6.41% 6.17% 577% 5.34% 5.80% O O O )
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