Question
A four-year bond has an 8% coupon rate and a face value of $1000. If the current price of the bond is $878.51, calculate the
A four-year bond has an 8% coupon rate and a face value of $1000. If the current price of the bond is $878.51, calculate the yield to maturity of the bond (assuming annual interest payments).
a. 8%
b. 10%
c. 12%
d. 6%
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Finance For Managers
Authors: Harvard Business School Press
1st Edition
1578518768, 978-1578518760
