Question
Sentry Corp. bonds have an annual coupon payment of 7.79%. The bonds have a par value of $1,000, a current price of $1,125, and they
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Sentry Corp. bonds have an annual coupon payment of 7.79%. The bonds have a par value of $1,000, a current price of $1,125, and they will mature in 27 years. What is the yield to maturity on these bonds?
6.77%
6.45%
6.28%
5.85%
5.04%
Sentry Corp. bonds have an annual coupon payment of 7.79%. The bonds have a par value of $1,000, a current price of $1,125, and they will mature in 27 years. What is the yield to maturity on these bonds?
| 6.77% | ||
| 6.45% | ||
| 6.28% | ||
| 5.85% | ||
| 5.04% |
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International Financial Management
Authors: Jeff Madura, Roland Fox
5th Edition
1473770505, 978-1473770508
