Question
Assume that there is a bond on the market priced at $850 and that the bond comes with a face value of $1,000. The coupon
Assume that there is a bond on the market priced at $850 and that the bond comes with a face value of $1,000.
The coupon rate for the bond is 15% and the bond will reach maturity in 7 years.
Calculate bond's YTM (Yield-to-maturity)?
Group of answer choices
A. 18.53%
B. 113.95
C. 19.05%
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Production And Operations Analysis
Authors: Steven Nahmias, Tava Lennon Olsen
7th Edition
1478623063, 9781478623069
