Question
S. V. Balachandra purchased Premia Inc.'s 15-year, 5 1/8% bonds 3 years ago. He is considering selling them and noted the current price of the
S. V. Balachandra purchased Premia Inc.'s 15-year, 5 1/8% bonds 3 years ago. He is considering selling them and noted the current price of the bonds is $102.50 per $100. At this price, the yield to maturity is closest to:
| A. | 4.6428%. | |
| B. | 4.8478%. | |
| C. | 4.8879%. |
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Case Studies In Finance
Authors: Robert Bruner, Kenneth Eades, Michael Schill
6th Edition
0073382450, 978-0073382456
