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A bond with a face value of $250,000 and semi-annual coupon of 5% matures in 3 years. It is selling at a price of 99.
A bond with a face value of $250,000 and semi-annual coupon of 5% matures in 3 years. It is selling at a price of 99. What is the yield to maturity? a) 5% b) 5.36% c) 10.39% d) 5.20%
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Fundamental Accounting Principles
Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta
20th Edition
1259157148, 78110874, 9780077616212, 978-1259157141, 77616219, 978-0078110870
