Question
Barry Cuda is considering the purchase of the following Builtrite bond: $1000 par, 6 1/4% coupon rate, 15 year maturity that is currently selling for
Barry Cuda is considering the purchase of the following Builtrite bond: $1000 par, 6 1/4% coupon rate, 15 year maturity that is currently selling for $1030. If Barry purchases this bond, what would his approximate yield to maturity be?
| a.5.93% | ||
| b.5.47% | ||
| c.6.70% | ||
| d.6.86% |
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Pricing Analytics Models And Advanced Quantitative Techniques For Product Pricing
Authors: Walter R. Paczkowski
1st Edition
1138623938, 9781138623934
