Question
Company D's bonds make an annual coupon interest payment of 7.45% every year. The bonds have a par value of $1,000, a current price of
Company D's bonds make an annual coupon interest payment of 7.45% every year. The bonds have a par value of $1,000, a current price of $875, and mature in 12 years. What is the yield to maturity on these bonds?
| a. | 7.25% | |
| b. | 8.33% | |
| c. | 6.83% | |
| d. | 9.21% | |
| e. | 5.17% |
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Fundamentals Of Corporate Finance
Authors: David W Blackwell, Robert Parrino, David S Kidwell
1st Edition
0471270563, 9780471270560
