Question
The bonds of Garfield Industries are currently priced at $1,150. Garfield's bonds have 6-years to maturity, an annual coupon of $85, and a par value
The bonds of Garfield Industries are currently priced at $1,150. Garfield's bonds have 6-years to maturity, an annual coupon of $85, and a par value of $1,000. The current yield for these bonds is closest to:
| a. | 7.39% | |
| b. | 5.50% | |
| c. | 8.56% |
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Principles Of Project Finance
Authors: E. R. Yescombe
2nd Edition
0123910587, 9780123910585
