Question
A bond with a 10 year maturity and a coupon rate of 6 % and a face value of $1000 is priced at $ 990
A bond with a 10 year maturity and a coupon rate of 6% and a face value of $1000 is priced at $990. Let the yield to maturity be denoted by y. Which of the following statements is true?
| y > 6.00% | ||
| y times the face value equals the coupon rate | ||
| y = 6.00% | ||
| y < 6.00% |
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Personal Finance
Authors: Thomas Garman, Raymond Forgue
12th edition
9781305176409, 1133595839, 1305176405, 978-1133595830
