Question
A firm has bonds making $55 semi annual coupon payments with a par value of $1,000 and selling for $1,200. At this price, the bonds
A firm has bonds making $55 semi annual coupon payments with a par value of $1,000 and selling for $1,200. At this price, the bonds annual yield to maturity 8.95%. What is the term to maturity in years?
Answers:
20 years
1 year
3.11 years
10 years
5 years
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Finance For Executives Managing For Value Creation
Authors: Gabriel Hawawini, Claude Viallet
2nd Edition
0324117752, 9780324117752
