Question
f the market price of a 30-year bond with 3.50% coupon rate and $1,000 par value is $835, what is the yield to maturity of
f the market price of a 30-year bond with 3.50% coupon rate and $1,000 par value is $835, what is the yield to maturity of the bond? Coupons are paid annually.
| A. | 4.96% | |
| B. | 4.80% | |
| C. | 4.51% | |
| D. | 4.23% | |
| E. | 3.95% |
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Fundamentals of Financial Accounting
Authors: Fred Phillips, Robert Libby, Patricia Libby
5th edition
78025915, 978-1259115400, 1259115402, 978-0078025914
