Question
What is the yield to maturity of a(n) eight-year, $1000 bond with a 4.4% coupon rate and semiannual coupons if this bond is currently trading
What is the yield to maturity of a(n) eight-year, $1000 bond with a 4.4% coupon rate and semiannual coupons if this bond is currently trading for a price of $723.70?
Group of answer choices
7.36%
9.39%
8.31%
10.63%
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International Financial Management
Authors: Jeff Madura, Roland Fox
4th Edition
147372550X, 9781473725508
