Question
Broke Benjamin Co. has a bond outstanding that makes semiannual payments with a coupon rate of 6.1 percent. The bond sells for $1,008.82 and matures
Broke Benjamin Co. has a bond outstanding that makes semiannual payments with a coupon rate of 6.1 percent. The bond sells for $1,008.82 and matures in 17 years. The par value is $1,000. What is the YTM of the bond
Multiple Choice
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5.72%
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3.01%
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4.51%
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5.41%
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6.02%
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Microeconomics
Authors: Glenn Hubbard, Anthony O'Brien
7th Edition
0134737504, 978-0134737508
