Question
A $1,000 par value bond with a 5% coupon that pays interest semiannually and matures in 2 years and has a current price of $977.
A $1,000 par value bond with a 5% coupon that pays interest semiannually and matures in 2 years and has a current price of $977. What is the annualized yield to maturity?
A: 3.0% B: 4.0% C: 5.0% D: 6.0% E: 7.0%
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The Economics Of Money Banking And Finance
Authors: Peter Howells, Keith Bain
4th Edition
0273710397, 978-0273710394
