Question
Assume a date of January 1, 2020, is the settlement date with a 12-year time to maturity, what is the yield if the coupon rate
Assume a date of January 1, 2020, is the settlement date with a 12-year time to maturity, what is the yield if the coupon rate is 6.5%, and the bond price is $5,768.58? Assume semiannual compounding and the bond having a face value of $5,000.
a.3.7%
b.4.7%
c.4.8%
d.4.9%
e.5%
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Essentials Of Forensic Accounting
Authors: Michael A Crain, William S Hopwood
2nd Edition
1948306441, 978-1948306447
