Question
Calculate to four decimals places before converting to a percentage. Several years ago you purchased Calvadas LTD bonds. A recent price quote on the bonds
Calculate to four decimals places before converting to a percentage.
Several years ago you purchased Calvadas LTD bonds. A recent price quote on the bonds is 85.25. The bonds have 2 1/2 years left to maturity and a coupon rate of 3 3/4%. The yield to maturity at this price is closest to:
| A. | 10.79% | |
| B. | 5.31% | |
| C. | 10.62% |
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Financial Markets And Institutions
Authors: Anthony Saunders, Marcia Cornett
8th Edition
1264098723, 978-1264098729
