Question
A corporation issues a 9 percent coupon bond with 13 years maturity and $1,000 face (par) value. If the current market price of this bond
A corporation issues a 9 percent coupon bond with 13 years maturity and $1,000 face (par) value. If the current market price of this bond is $1000, find its yield to maturity.
a. 6.43%
b. 6.04%
c. 9.00%
d. 10.07%
e. none of the answers is correct
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New Venture Creation A Framework For Entrepreneurial Start-ups
Authors: Paul Burns
2nd Edition
1352000504, 978-1352000504
