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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Focus On Personal Finance
Authors: Jack Kapoor, Les Dlabay, Robert J. Hughes, Melissa Hart
7th Edition
1265521972, 978-1265521974
