Question
Macrosoft has 6.8 percent coupon bonds on the market with 5 years to maturity. The bonds make semiannual payments and currently sell for 90.1 percent
Macrosoft has 6.8 percent coupon bonds on the market with 5 years to maturity. The bonds make semiannual payments and currently sell for 90.1 percent of par.
| a. | What is the current yield on the bonds?
|
| b. | The YTM?
|
| c. | The effective annual yield?
|
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International Finance The Markets And Financial Management Of Multinational Business
Authors: Maurice D. Levi
3rd Edition
0070376875, 978-0070376878
