Question
Trafger Square company has a semiannual bond outstanding with a current price of $924.05 and a coupon rate of 7.25%. If there are 8 years
Trafger Square company has a semiannual bond outstanding with a current price of $924.05 and a coupon rate of 7.25%. If there are 8 years until the bond matures, what is the yield to maturity implied by the price?
Multiple Choice
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7.85%
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7.25%
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7.93%
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8.60%
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8.58%
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Investment Analysis and Portfolio Management
Authors: Frank K. Reilly, Keith C. Brown
10th Edition
538482109, 1133711774, 538482389, 9780538482103, 9781133711773, 978-0538482387
