Question
Ngata Corp. issued 15-year bonds 2 years ago at a coupon rate of 9.6 percent (APR). The bonds make semiannual payments. If these bonds currently
| Ngata Corp. issued 15-year bonds 2 years ago at a coupon rate of 9.6 percent (APR). The bonds make semiannual payments. If these bonds currently sell for 97 percent of par value, what is the YTM (as an APR)? |
rev: 09_18_2012
Multiple Choice
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5.01%
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11.02%
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10.02%
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9.02%
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12.02%
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Investment Analysis And Portfolio Management
Authors: Frank K. Reilly, Peggy L. Hedges, Philip Chang, Keith C. Brown, Hedges Reilly Brown
1st Canadian Edition
0176500693, 978-0176500696
