Question
Y Hotels and Resorts has a bond issue outstanding that pays an 8.5 percent coupon and matures in 16.5 years. The bonds have a par
Y Hotels and Resorts has a bond issue outstanding that pays an 8.5 percent coupon and matures in 16.5 years. The bonds have a par value of $1,000 and a market price of $944.30. Interest is paid semiannually. What is the yield to maturity? 8.36 percent
8.42 percent
8.61 percent
8.74 percent
9.16 percent
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Microeconomics
Authors: Douglas Bernheim, Michael Whinston
2nd edition
978-0073375854
