Question
Crossfade Corp. has a bond with a par value of $2,000 that sells for $1,897.26. The bond has a coupon rate of 7.11 percent and
Crossfade Corp. has a bond with a par value of $2,000 that sells for $1,897.26. The bond has a coupon rate of 7.11 percent and matures in 17 years. If the bond makes semiannual coupon payments, what is the YTM of the bond?
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7.27%
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5.74%
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3.83%
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6.89%
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7.66%
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Finance Applications And Theory
Authors: Marcia Millon Cornett, John R. Nofsinger, Troy Adair
3rd International Edition
1259252221, 9781259252228
