Question
What is the quoted yield to maturity of a $1,000 par value bond with a coupon rate of 10% (semi-annual coupon payments) that matures in
What is the quoted yield to maturity of a $1,000 par value bond with a coupon rate of 10% (semi-annual coupon payments) that matures in 30 years assuming the bond is currently selling for $838.13?
a.6.0%
b.6.2%
c.10.0%
d.12.0%
e.12.4%
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Financial Markets and Institutions
Authors: Frederic S. Mishkin, Stanley G. Eakins
5th edition
321280299, 321280296, 978-0321280299
