Question
A 10-year corporate has an annual coupon payment of 5.3%. The bond is currently selling at par ($1,000). Which of the following statement is correct?.
A 10-year corporate has an annual coupon payment of 5.3%. The bond is currently selling at par ($1,000). Which of the following statement is correct?.
The answer is: The bond's yield to maturity is 5.3%
why?
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Principles Of Financial Management
Authors: Haim Levy, Marshall Sarnat
1st Edition
0137097751, 978-0137097753
