Question
XYZ Corp has issued bonds that have a 5.2% coupon payable semiannually. The bonds mature in 8 years, have a face value of $1,000, and
XYZ Corp has issued bonds that have a 5.2% coupon payable semiannually. The bonds mature in 8 years, have a face value of $1,000, and are currently priced at $975.42. What is the yield to maturity?
a. 2.79%
b. 3.48%
c. 5.59%
d. 5.20%
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Essential Mathematics For Economic Analysis
Authors: Knut Sydsaeter, Peter Hammond, Arne Strom
4th Edition
0273760688, 9780273760689
