Question
A General Co. bond has an 8% coupon and pays interest semiannually. The face value is $1,000 and the current market price is $1,020.50. The
A General Co. bond has an 8% coupon and pays interest semiannually. The face value is $1,000 and the current market price is $1,020.50. The bond matures in 7 years. What is the yield to maturity?
| A. | 7.62% | |
| B. | 7.79% | |
| C. | 8.24% | |
| D. | 8.12% | |
| E. | 8.54% |
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Finance For Normal People
Authors: Meir Statman
1st Edition
019062647X, 978-0190626471
