Question
A bond with a face value of $1,000 has annual coupon payments of $100. The bond currently sells for $1,000 and has 8 years to
A bond with a face value of $1,000 has annual coupon payments of $100. The bond currently sells for $1,000 and has 8 years to maturity. This bonds yield to maturity is:
| 10 % | ||
| less than 10 % | ||
| more than 10 % | ||
| none of the above |
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Practical financial management
Authors: William r. Lasher
5th Edition
0324422636, 978-0324422634
