Question
A $50,000 bond has a coupon rate of 10% and is redeemable in 10 years. What is the yield rate of the bond if the
A $50,000 bond has a coupon rate of 10% and is redeemable in 10 years. What is the yield rate of the bond if the bond was purchased for $47,000?
a.
10.50%
b.
12.00%
c.
11.00%
d.
9.00%
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The Analysis And Use Of Financial Statements
Authors: Gerald I. White, Ashwinpaul C. Sondhi, Haim D. Fried
3rd Edition
0471375942, 978-0471375944
