Question
A 20-year bond (it matures in 20 years) with a par value of $1,000 pays semiannual coupon payments at an annual coupon rate of 8%.
A 20-year bond (it matures in 20 years) with a par value of $1,000 pays semiannual coupon payments at an annual coupon rate of 8%. What is yield to maturity (YTM) of the bond if it sells for $828.41?
- 4.00%
- 5.00%
- 8.00%
- 9.00%
- 10.00%
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Cost Benefit Analysis
Authors: Harry F. Campbell, Richard P.C. Brown
3rd Edition
1032320753, 9781032320755
