Question
The Chauncey Company currently has a bond outstanding with a coupon rate of 8 percent and semiannual payments. The bond is currently selling for $1,020.58.
The Chauncey Company currently has a bond outstanding with a coupon rate of 8 percent and semiannual payments. The bond is currently selling for $1,020.58. The bond matures in 10 years and has a par value is $1,000. What is the yield to maturity (YTM) of The Chauncey Company's bonds?
7.70%
15.40%
15.59%
7.50%
O 3.85%
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Financial Reporting And Statement Analysis A Strategic Perspective
Authors: Clyde P. Stickney, Paul Brown
4th Edition
0030238110, 978-0030238116
