Question
Today, you just paid $924.22 to buy a semiannual bond with 6 years to maturity. This bond carries 4% coupon rate and $1,000 par value.
Today, you just paid $924.22 to buy a semiannual bond with 6 years to maturity. This bond carries 4% coupon rate and $1,000 par value.
What is the yield to maturity (YTM) of this bond?
Group of answer choices
4.00%
5.50%
5.52%
5.58%
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Fixed Income Securities Tools For Todays Markets
Authors: Bruce Tuckman, Angel Serrat
3rd Edition
0470891696, 978-0470891698
