Question
8 MetalBend Corp Issues bonds with a $1,000 par value and a 7.25% coupon rate. The bonds mature in 8 years, and coupon payments are
8 MetalBend Corp Issues bonds with a $1,000 par value and a 7.25% coupon rate. The bonds mature in 8 years, and coupon payments are "semi -annual". The bond is currently priced at 865.50. Calculate the bonds YTM (IRR). a. 9.75%
b. 9.73%
c. 9.71%
d 5.65%
e 4.85%
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Multinational Business Finance
Authors: David Eiteman, Arthur Stonehill, Michael Moffett
15th Global Edition
129227008X, 9781292270081
