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 $980. If Barry purchases this bond, what would his approximate yield to maturity be?
| A 5.95% | ||
| B 6.47% | ||
| C 6.70% | ||
| D 6.86% |
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HBR Guide To Finance Basics For Managers
Authors: Harvard Business Review
1st Edition
1422187306, 978-1422187302
