Question
A corporate bond pays semi annual coupon at rate of 9%, a face value of $1,000, a market price of $850, and the bond matures
A corporate bond pays semi annual coupon at rate of 9%, a face value of $1,000, a market price of $850, and the bond matures in 15 years. Therefore, the bond's yield to maturity is
| 9%. | ||
| 5.54%. | ||
| 11.1%. | ||
| 11.07%. |
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Intermediate Accounting
Authors: Donald E. Kieso, Jerry J. Weygandt, and Terry D. Warfield
15th edition
978-1118159644, 9781118562185, 1118159640, 1118147294, 978-1118147290
