Question
The Fishing Pier has 6.30 percent, semi-annual bonds outstanding that mature in 12 years. The bonds have a face value of $1,000 and a market
| The Fishing Pier has 6.30 percent, semi-annual bonds outstanding that mature in 12 years. The bonds have a face value of $1,000 and a market value of $1,017. What is the yield to maturity? |
5.82 percent
5.87 percent
6.03 percent
6.10 percent
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Finance Applications And Theory
Authors: Marcia Millon Cornett, John R. Nofsinger, Troy Adair
3rd International Edition
1259252221, 9781259252228
