Question
A corporate bond with 13 years left to maturity is currently priced at 97% of par. (i.e., $970 on $1000 par). The bond compounds semi-annually,
A corporate bond with 13 years left to maturity is currently priced at 97% of par. (i.e., $970 on $1000 par). The bond compounds semi-annually, and has a coupon rate of 4% (2% semi-annually). What is the Yield to maturity on this bond?
| A) 2.15% | ||
| B) 3.24% | ||
| C) 4.30% | ||
| D) 4.86% |
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The Money Markets Handbook A Practitioners Guide
Authors: Moorad Choudhry
1st Edition
0470821507, 978-0470821503
