Assume a date of January 1, 2020, is the settlement date with a 12-year time to maturity,
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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 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%
Related Book For
Intermediate Accounting IFRS
ISBN: 978-1119372936
3rd edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
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