Question
A 10-year bond paid its annual coupon of $80 yesterday. There are nine (9) annual coupons remaining. The bond has a par value of $1,000.
A 10-year bond paid its annual coupon of $80 yesterday. There are nine (9) annual coupons remaining.
The bond has a par value of $1,000. If these bonds sell for $1,136.03 in the market, what is the yield to maturity on these bonds?
| a)
| 6%
| |
| b) | 8% | |
| c) | 10% | |
| d) | 12% |
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Financial Accounting Group
Authors: Ilse Lubbe, Shelley Herbert, Goolam Modack
1st Edition
0195998634, 9780195998634
