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What is the yield to maturity of a seven-year, $1,000 bond with a 6% coupon rate and semiannual coupons if this bond is currently trading
What is the yield to maturity of a seven-year, $1,000 bond with a 6% coupon rate and semiannual coupons if this bond is currently trading for a price of $919.45 ?
| a. | 6.55% | |
| b. | 5.47% | |
| c. | 7.50% | |
| d. | 4.94%. |
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International Finance A Survey
Authors: H. Kent Baker, Leigh A. Riddick
1st Edition
0199754659, 978-0199754656
