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During 2018, the market rates changes dramatically. Now Spahr Cosmetics bonds are sold for $1,204. What is yield to maturity assuming that the bond has
- During 2018, the market rates changes dramatically. Now Spahr Cosmetics bonds are sold for $1,204. What is yield to maturity assuming that the bond has 12 years to maturity, a par value of $1,000, and a coupon rate of 5%? The bond pays coupon interest semiannually.
- 4.59%
- 6.46%
- 2.97%
- 2.59%
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International Finance Transactions Policy And Regulation
Authors: Hal Scott, Anna Gelpern
20th Edition
1609303164, 978-1609303167
