Question
Broke Benjamin Co. has a bond outstanding that makes semiannual payments with a coupon rate of 6.4 percent. The bond sells for $1,066.57 and matures
Broke Benjamin Co. has a bond outstanding that makes semiannual payments with a coupon rate of 6.4 percent. The bond sells for $1,066.57 and matures in 22 years. The par value is $1,000. What is the YTM of the bond?
5.27%
5.56%
5.86%
2.93%
4.39%
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Financial Markets And Institutions
Authors: Frederic S. Mishkin, Stanley Eakins
6th International Edition
0321552113, 9780321552112
