Question
Mingming Inc. issued the bonds that bear a 7.46% coupon rate, payable semiannually. The bonds mature in 13 years. Currently, the bonds sell at par.
Mingming Inc. issued the bonds that bear a 7.46% coupon rate, payable semiannually. The bonds mature in 13 years. Currently, the bonds sell at par. Similar bonds in the market are yielding 7.64%. What is the yield to maturity of the bonds issued by Mingming Inc.?
Question 3 options:
|
| 7.40 percent |
|
| 7.33 percent |
|
| 7.46 percent |
|
| 7.64 percent |
|
| 7.50 percent |
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Your Financial Well Being How To Get Your Financial Well Being With Smart Spending Habits
Authors: Fransisca Patten
1st Edition
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