Question
Consider some bonds with one annual coupon payment of 7.50%. The bonds have a par value of $1,000, a current price of $870, and they
Consider some bonds with one annual coupon payment of 7.50%. The bonds have a par value of $1,000, a current price of $870, and they will mature in 19 years. What is the yield to maturity on these bonds?
A.8.62%
B.8.95%
C.9.30%
D.7.50%
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Options Futures and Other Derivatives
Authors: John C. Hull
10th edition
013447208X, 978-0134472089
