Question
A bond has $1,000 face value, coupon rate of 5.8%, and yield to maturity (YTM) of 6.6%. It will mature in 19 years and the
A bond has $1,000 face value, coupon rate of 5.8%, and yield to maturity (YTM) of 6.6%. It will mature in 19 years and the interest rate will compound annually. What is this bonds current yield? Group of answer choices
6.12%
6.35%
6.53%
7.12%
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Guardians Of Finance
Authors: James R. Barth, Gerard Caprio, Ross Levine
1st Edition
0262526840, 978-0262526845
