Question
A coupon bond has a face value of $1000, a coupon rate of 6% and 2 years to maturity. If the price of the bond
A coupon bond has a face value of $1000, a coupon rate of 6% and 2 years to maturity. If the price of the bond is $1100, then the yield to maturity it _____ . A. 10% B. 6% C. less than 6%. D. greater than 6%.
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The Economics Of Money Banking And Financial Markets
Authors: Frederic S. Mishkin
9th Edition
0321598903, 978-0321598905
