Question
The Sisyphean Company has a bond outstanding with a face value of $1000 that reaches maturity in 15 years. The bond certificate indicates that the
The Sisyphean Company has a bond outstanding with a face value of $1000 that reaches
maturity in 15 years. The bond certificate indicates that the said coupon rate for this
bond is 8% and that the coupon payments are to be made semiannually.
Assuming that the bond trades for $903 then the YTM for this bond is closest to:
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Financial Management Principles And Applications
Authors: J William Petty, Sheridan Titman, Arthur J Keown, John D Martin, Peter Martin, Michael Burrow, Hoa Nguyen
6th Edition
1442539178, 9781442539174
