Question
The Sisyphean Company has a bond outstanding with a face value of $ 1 comma 000 that reaches maturity in eight years. The bond certificate
The Sisyphean Company has a bond outstanding with a face value of $ 1 comma 000 that reaches maturity in eight years. The bond certificate indicates that the stated coupon rate for this bond is 8% and that the coupon payments are to be made semiannually. Assuming that this bond trades for $ 1 comma 074, then the YTM for this bond is closest to:
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Investment Analysis And Portfolio Management
Authors: Frank K. Reilly, Keith C. Brown
9th Edition
0324656122, 978-0324656121
