Question
A $1000 par value bond that makes annual interest payments of $70 and matures in six years sells for $950. What is the yield to
A $1000 par value bond that makes annual interest payments of $70 and matures in six years sells for $950. What is the yield to maturity of the bond?
5.57%
8.08%
4.54%
2.04%
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Foundations of Financial Management
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta
10th Canadian edition
1259261018, 1259261015, 978-1259024979
