Question
The bonds issued by North & South bear a coupon rate of 7.5 percent, payable semiannually. The bonds mature in 6.5 years, sell at par,
The bonds issued by North & South bear a coupon rate of 7.5 percent, payable semiannually. The bonds mature in 6.5 years, sell at par, and have a $1,000 face value. What is the yield to maturity?
| 7.59% | |
| 7.86% | |
| 7.50% | |
| 7.42% | |
| 15.00% |
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Finance A Quantitative Introduction Volume 2
Authors: Piotr Staszkiewicz, Lucia Staszkiewicz
1st Edition
0128027975, 978-0128027974
