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Q. Ft. Myers Industries has $1,000 par value bonds with a coupon rate of 4% per year making semiannual coupon payments. If there are 17
Q. Ft. Myers Industries has $1,000 par value bonds with a coupon rate of 4% per year making semiannual coupon payments. If there are 17 years remaining prior to maturity and these bonds arer selling for $1,075 what is the annual yield to maturity for these bonds?
A) 4.00%
B) 6.82%
C) 1.71%
D) 3.41%
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