Question
A 9.5 percent semiannual coupon bond matures in 7 years. The bond has a face value of $1,000 and a current yield (CY) of 9.77
A 9.5 percent semiannual coupon bond matures in 7 years. The bond has a face value of $1,000 and a current yield (CY) of 9.77 percent. What is the bonds yield to maturity (YTM)?
| a. | 9.77% | |
| b. | 5.23% | |
| c. | 10.46% | |
| d. | 9.50% | |
| e. | 10.06% |
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Finance Applications And Theory
Authors: Marcia Cornett, Troy Adair, John Nofsinger
1st Edition
0073382256, 9780073382258
