Question
A bond is currently priced at $1,080 on a par value of $1,000. Its term to maturity is 9 years and its coupon rate is
A bond is currently priced at $1,080 on a par value of $1,000. Its term to maturity is 9 years and its coupon rate is 9.50% (stated annually, paid semiannually). If you buy the bond, and hold it to maturity, what would be the yield to maturity? A. 9.50% B. 8.22% C. 8.00% D. 10.80%
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Corporate Finance
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe
13th Edition
1260772381, 978-1260772388
