Question
Two years ago, a company issued bonds with 12 percent coupon rate that is paid semi-annually, and a $1,000 face value. The bonds had original
Two years ago, a company issued bonds with 12 percent coupon rate that is paid semi-annually, and a $1,000 face value. The bonds had original maturity of 20 years. If you will purchase those bonds today, for $875 what will be the yield to maturity on those bonds today?
| 12.71% | ||
| 15.70% | ||
| 11.34% | ||
| 10.17% | ||
| 13.91% |
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Venture capital and the finance of innovation
Authors: Andrew Metrick
2nd Edition
9781118137888, 470454709, 1118137884, 978-0470454701
