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
| a. | 11.07%. | |
| b. | 9%. | |
| c. | 11.1%. | |
| d. | 5.54%. |
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The Risk Modeling Evaluation Handbook Rethinking Financial Risk Management Methodologies In The Global Capital Markets
Authors: Greg Gregoriou, Christian Hoppe, Carsten Wehn
1st Edition
0071663703, 978-0071663700
