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?
| 5.93% | ||
| 5.47% | ||
| 6.70% | ||
| 6.86% |
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Personal Finance
Authors: Jane King, Mary Carey
2nd Edition
0198748779, 9780198748779
