Question
Saxquest Co. just issued 15-year bonds at a coupon rate of 8 percent. The bonds make semiannual payments. These bonds currently sell for $1,020. What
Saxquest Co. just issued 15-year bonds at a coupon rate of 8 percent. The bonds make semiannual payments. These bonds currently sell for $1,020. What is the yield-to-maturity?
A) 6.27%
B) 7.47%
C) 7.77%
D) 8.00%
E) 8.07%
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Investments
Authors: Zvi Bodie, Alex Kane, Alan Marcus, Lorne Switzer, Maureen Stapleton, Dana Boyko, Christine Panasian
9th Canadian Edition
1259271935, 9781259271939
