Question
What is the yield to maturity of a bond with the following characteristics? 8% coupon rate is with annual payments, $1000 par value and current
What is the yield to maturity of a bond with the following characteristics? 8% coupon rate is with annual payments, $1000 par value and current price of $960, 3 years until maturity. Round your answer to the nearest hundredth percent.
| a. 6.75% | ||
| b. 8.00% | ||
| c. 8.33% | ||
| d. 9.60% | ||
| e. None of the above |
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Financial Analysis With Microsoft Excel 2016
Authors: Timothy R. Mayes, Todd M. Shank
8th Edition
1337298042, 9781337298049
