Question
There is a General Motors bond that is valued at $1,897. The par value is $2,000. The coupon rate is 5% and paid semi-annually. There
There is a General Motors bond that is valued at $1,897. The par value is $2,000. The coupon rate is 5% and paid semi-annually. There are 7 years remaining until maturity. What is the yield to maturity on this bond?
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5.15%
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5.91%
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4.13%
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4.93%
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6.39%
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Finance For Nonfinancial Managers Beginners Handbook For Finance
Authors: Murugesan Ramaswamy
1st Edition
1516973801, 978-1516973804
