Question
A bond having par value $1,000, a quarterly coupon bond paying 17% interest and having a maturity of 5 years with current market price of
A bond having par value $1,000, a quarterly coupon bond paying 17% interest and having a maturity of 5 years with current market price of $897.07? What is the yield-to-maturity of this bond?
Select one:
A.
19.33%
B.
18.33%
C.
20.33%
D.
17.33%
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Accounting Information Systems
Authors: Marshall B. Romney, Paul J. Steinbart
13th edition
978-0133428537
