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Broke Benjamin Company has a bond outstanding that makes semiannual payments with a coupon rate of 6.3 percent. The bond sells for $981.73 and matures
Broke Benjamin Company has a bond outstanding that makes semiannual payments with a coupon rate of 6.3 percent. The bond sells for $981.73 and matures in 23 years. The par value is $1,000. What is the YTM of the bond? Multiple Choice 3.23% 6.45% 5.81% 4.84% 6.13%
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Fundamentals Of Institutional Asset Management
Authors: Frank J Fabozzi, Francesco A Fabozzi
1st Edition
9811220034, 9789811220036
