Question
Chrysler has a bond outstanding with eight years remaining to maturity, a coupon rate of 5%, and semiannual payments. If the market price of the
Chrysler has a bond outstanding with eight years remaining to maturity, a coupon rate of 5%, and semiannual payments. If the market price of the Chrysler bond is $729.05, what is the yield to maturity?
| A.7% | |
| B.9% | |
| C.10% | |
| D.11% |
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Essentials Of Corporate Finance
Authors: Stephen A. Ross, Randolph W. Westerfield, Bradford D. Jordan
9th International Edition
1259254801, 9781259254802
