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Greer Paint and Solvent's bonds have a 5.60 percent coupon and pay interest semi-annually. The face value is $1,000 and the current market price is
Greer Paint and Solvent's bonds have a 5.60 percent coupon and pay interest semi-annually. The face value is $1,000 and the current market price is $1,062.50 per bond. The bonds mature in 16 years. What is the yield to maturity?
| 3.08 percent | ||
| 4.06 percent | ||
| 5.02 percent | ||
| 6.68 percent | ||
| 7.80percent |
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Corporate Finance
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe, Gordon Roberts, Hamdi Driss
8th Canadian Edition
01259270114, 9781259270116
