Question
Footsteps Co. has a bond outstanding with a coupon rate of 5.2 percent and annual payments. The bond currently sells for $1,012.50, matures in 16
Footsteps Co. has a bond outstanding with a coupon rate of 5.2 percent and annual payments. The bond currently sells for $1,012.50, matures in 16 years, and has a par value of $1,000. What is the YTM of the bond?
rev: 10_08_2018_QC_CS-142218
Multiple Choice
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4.58%
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5.08%
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4.24%
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5.14%
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5.20%
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International Finance
Authors: Keith Pilbeam
2nd Edition
0333730976, 978-0333730973
