Question
There is a zero coupon bond that sells for $4,692.75 and has a par value of $10,000. If the bond has 13 years to maturity,
There is a zero coupon bond that sells for $4,692.75 and has a par value of $10,000. If the bond has 13 years to maturity, what is the yield to maturity? Assume semiannual compounding.
Multiple Choice
- 5.71%
- 5.67%
- 5.99%
- 5.76%
- 5.91%
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Introduction To Finance Markets, Investments, And Financial Management
Authors: Ronald W. Melicher, Edgar A. Norton
17th Edition
1119561175, 978-1119561170
