Question
#144 What is the yield to maturity of a eight-year, $5,000 bond with a 4% coupon rate and semiannual coupons if his bond is currently
#144
What is the yield to maturity of a eight-year, $5,000 bond with a 4% coupon rate and semiannual coupons if his bond is currently trading for a price of $4,630? (Hint: Remember that the YTM is quoted as an annual percentage rate or APR.)
O A. 2.57%
B. 5.14%
O C. 7.2%
O D. 6.17%
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Managing The Audit Function A Corporate Audit Department Procedures Guide
Authors: Michael P. Cangemi
2nd Edition
0471012556, 978-0471012559
