Question
A General Co. bond has a coupon rate of 6 percent and pays interest annually. The face value is $1,000, and the current market price
A General Co. bond has a coupon rate of 6 percent and pays interest annually. The face value is $1,000, and the current market price is $1,006.49. The bond matures in 16 years. What is the yield to maturity?
a) 6.08%
b) 5.94%
c) 6.11%
E) 6.11%
D) 6.11%
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The Theory And Practice Of Investment Management
Authors: Frank J Fabozzi, Harry M Markowitz
2nd Edition
0470929901, 9780470929902
