Question
Find YTM. A General Co. bond makes annual coupon payments of $70.00 interest annually. The face value is $1,000. The bond matures in 20 years.
Find YTM. A General Co. bond makes annual coupon payments of $70.00 interest annually. The face value is $1,000. The bond matures in 20 years. At the current price, the yield to maturity (YTM) is 6.81%. What is the current price?
Group of answer choices
$985.95
$1,300.00
$1,020.43
-1,020.50
$1,100.50
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Personal Finance For Canadians
Authors: Elliot Currie, Thomas Chambers, Kathleen Brown
9th Edition
0132286750, 978-0132286756
