Question
Consider a bond with a face value of $1,000, a coupon rate of 8%, and matures in 10 years. The coupon is paid semiannually. The
Consider a bond with a face value of $1,000, a coupon rate of 8%, and matures in 10 years. The coupon is paid semiannually. The bond is currently sold at $812. What is the yield to maturity?
| a. | 10.12% | |
| b. | 8.00% | |
| c. | 11.22% | |
| d. | 11.17% | |
| e. | 9.87% |
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Fundamentals Of Financial Planning
Authors: Michael A Dalton, Joseph Gillice
3rd Edition
1936602091, 9781936602094
