Question
North & South RR bonds bear a coupon rate of 5.5 percent, payable annually. The bonds mature in 6.5 years, sell at par, and have
North & South RR bonds bear a coupon rate of 5.5 percent, payable annually. The bonds mature in 6.5 years, sell at par, and have a $1,000 face value. What is the yield to maturity? A. 5.59% B. 5.86% C. 5.50% D. 5.42% E. 5.71%
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Financial Management For Decision Makers
Authors: Peter Atrill
7th Edition
129201606X, 978-1292016061
