Question
A 7.5 percent coupon bond has a face value of $1,000, pays interest semi-annually, has 8 years to maturity, and is currently selling for $996.34.
A 7.5 percent coupon bond has a face value of $1,000, pays interest semi-annually, has 8 years to maturity, and is currently selling for $996.34. What is the yield-to-maturity?
A.7.56 percent
B.7.27 percent
C.9.03 percent
D.7.78 percent
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Principles Of Corporate Finance
Authors: Lawrence J. Gitman, Sean M. Hennessey
2nd Canadian Edition
0321452933, 978-0321452931
