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The Sisyphean Company has a bond outstanding with a face value of $1,000 that reaches maturty in ten years. The bond certificate indicates that the
The Sisyphean Company has a bond outstanding with a face value of $1,000 that reaches maturty in ten years. The bond certificate indicates that the stated coupon rate for this bond is 8.3% and that the coupon payments are to be made semiannually Assuming that this bond trades for $1,119, then the YTM for this bond is closest to. A. 7.99% B. 5.3% C. 9.32% D. 6.66% Step by Step Solution
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The Structured Credit Handbook
Authors: Arvind Rajan, Glen McDermott, Ratul Roy
1st Edition
0471747491, 978-0471747499
