Question
The bonds issued by XYZ Corporation are traded at par. Coupons are paid annualy and the coupon rate is 8%. There are 8 years left
The bonds issued by XYZ Corporation are traded at par. Coupons are paid annualy and the coupon rate is 8%. There are 8 years left to maturity. The face value of a bond is $1,000. What is the bond's yield-to-maturiy (YTM)?
A. 5%
B. Not able to calculate the number
C. 10%
D. 8%
E. 6%
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Foundations Of Finance
Authors: Arthur J. Keown, John D. Martin, J. William Petty
9th Global Edition
1292155132, 9781292155135
