Question
Footsteps Co. has a bond outstanding with a coupon rate of 5.8 percent and annual payments. The bond currently sells for $939.96, matures in 16
Footsteps Co. has a bond outstanding with a coupon rate of 5.8 percent and annual payments. The bond currently sells for $939.96, matures in 16 years, and has a par value of $1,000. What is the YTM of the bond?
a) 6.17%
b) 5.80%
c)6.41%
d) 5.34%
e) 5.77%
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Gapenskis Cases In Healthcare Finance
Authors: George H. Pink
6th Edition
1567939651, 978-1567939651
