Question
ABC Company has $1,000 face value bonds outstanding. These bonds pay interest semiannually, mature in 5 years, and have a 6 percent coupon. The current
ABC Company has $1,000 face value bonds outstanding. These bonds pay interest semiannually, mature in 5 years, and have a 6 percent coupon. The current price of the bond is $1010. What is the yield to maturity?
Enter your answer in percentages rounded off to two decimal points. Do not enter % in the answer box.
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Financial Management Core Concepts
Authors: Raymond Brooks
4th Edition
134730417, 134730410, 978-0134730417
