Question
Jenny Clayton is looking to invest in some 5-year bonds that pay annual coupons of 6.25 percent on a face value of $1,000 and are
Jenny Clayton is looking to invest in some 5-year bonds that pay annual coupons of 6.25 percent on a face value of $1,000 and are currently selling for $588.79. What is the yield to maturity on these bonds?
| 5 percent | ||
| 10 percent | ||
| 15 percent | ||
| 20 percent |
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Derivatives And Internal Models
Authors: H. Deutsch
4th Edition
1349307661, 9781349307661
