Crossfade Corp. has a bond with a par value of $2,000 that sells for $2,017.64. The bond has a coupon rate of 6.63 percent and
Crossfade Corp. has a bond with a par value of $2,000 that sells for $2,017.64. The bond has a coupon rate of 6.63 percent and matures in 17 years. If the bond makes semiannual coupon payments, what is the YTM of the bond?
Multiple Choice
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6.54%
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6.22%
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4.91%
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3.27%
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5.89%
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Authors: William Brueggeman, Jeffrey Fisher
17th Edition
1264072945, 978-1264072941
