Question
A 20-year semi-annual coupon-paying bond has a face value of $1000, a coupon rate of 7%, and trades at a price of $1100. What can
A 20-year semi-annual coupon-paying bond has a face value of $1000, a coupon rate of 7%, and trades at a price of $1100. What can be said about the bond? Choose the most complete answer from the options below.
Bond trades at a premium and has a yield-to-maturity (YTM) below 7%.
Bond has a yield-to-maturity (YTM) below 7%.
Bond has a yield-to-maturity (YTM) above 7%
Bond trades at a discount
Bond trades at a discount and has a yield-to-maturity (YTM) above 7%.
Bond trades at a premium.
Bond trades at a premium and has a yield-to-maturity (YTM) above 7%
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Industrializing Financial Services With DevOps
Authors: Spyridon Maniotis
1st Edition
1804614343, 978-1804614341
