Question
Bonds issued by VIX Industries have a par value of $1,000. The bonds are currently selling for $885.50. They have 10 years remaining to maturity.
Bonds issued by VIX Industries have a par value of $1,000. The bonds are currently selling for $885.50. They have 10 years remaining to maturity. The coupon rate is 8% and the coupon payment is paid semiannually. What is the bonds yield to maturity?
| a. | 10.57% | |
| b. | 9.82% | |
| c. | 7.26% | |
| d. | 11.39% |
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Principles Of Finance With Excel
Authors: Simon Benninga
1st Edition
0195301501, 978-0195301502
