Question
What is the yield to maturity (YTM) for a 20-year bond with a market value of $1,219.65, and a coupon of 6.75%? FV = 1,000
What is the yield to maturity (YTM) for a 20-year bond with a market value of $1,219.65, and a coupon of 6.75%? FV = 1,000 Solve for I = 2.50; multiple by 2 = 5.00 or 5.00% FV = 1,000 Solve for I = 2.50; multiple by 2 = 5.00 or 5.00% A. 3.38% B. 5.00% C. 6.75% D. 10.80%
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Financial Services Sales Handbook A Professionals Guide To Becoming A Top Producer
Authors: Clifton T. Warren
1st Edition
1631574930, 978-1631574931
