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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Personal Finance
Authors: Jack Kapoor, Les Dlabay, Robert Hughes
10th Edition
0073530697, 9780073530697
