A three-year bond price is 102.60, the coupon rate is 6% and the bond pays interest annually,theyield-to-maturity
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Question:
A three-year bond price is 102.60, the coupon rate is 6% and the bond pays interest annually,theyield-to-maturity is closest to:
a.
5.88%
b.
5.04%
c.
6.26%
Expert Answer:
Answer rating: 100% (QA)
To calculate the yieldtomaturity YTM of a bond we can use ... View the full answer
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