The bonds issued by ABC bear a 10 percent annual coupon, payable semiannually. The bonds mature in 11 years and have a $1,000 face value. Currently, the bonds sell for $1050. What is the annual yield to maturity?

The bonds issued by ABC bear a 10 percent annual coupon, payable semiannually. The bonds mature in 11 years and have a $1,000 face value. Currently, the bonds sell for $1050. What is the annual yield to maturity?

8.08 percent

7.87 percent

7.92 percent

9.26 percent

8.69 percent

3- A firms stock price jumps today. The change is most likely be driven by:

A firms stock price jumps today. The change is most likely be driven by:

expectations of a revised announcement in the near term.

systematic risk.

the unexpected part of the announcement.

the expected part of the announcement.

market inefficiency.