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A bond with a 5 year maturity and a coupon rate of 6 % and a face value of $1000 is priced at $ 975
A bond with a 5 year maturity and a coupon rate of 6% and a face value of $1000 is priced at $975. Let the yield to maturity be denoted by y. Which of the following statements is true?
| y = 6.00% | ||
| y < 6.00% | ||
| y times the face value equals the coupon rate | ||
| y > 6.00% |
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Digital Business And Electronic Commerce
Authors: Bernd W Wirtz
1st Edition
3030634817, 9783030634810
