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A bond with $1000 par value, has a coupon rate of 7.75% with semi-annual coupon payments and 14 years of maturity. The bond is selling
A bond with $1000 par value, has a coupon rate of 7.75% with semi-annual coupon payments and 14 years of maturity. The bond is selling for $1105.55 in the market. What is the YTM of this bond?
9.35% | ||
6.58% | ||
8.04% | ||
7.34% | ||
9.90% |
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