Question
A Marriott Hotel bond has a par value of $1,000, and is considered as a zero coupon bond. The bond will mature in 11 years.
A Marriott Hotel bond has a par value of $1,000, and is considered as a zero coupon bond. The bond will mature in 11 years. The Present value of this bond is $575. Based on this information, the yield of maturity of this bond is equal to:
A: 7.42%
B: 4.27%
C: 5.16%
D:4.72%
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Bond Markets Analysis And Strategies
Authors: Frank J Fabozzi
8th Edition
013274354X, 9780132743549
