Question
You are a financial advisor at a fast-growing wealth management firm.One of your clients is considering investing inazero-coupon bond with a face value of$1,000and 10years
You are a financial advisor at a fast-growing wealth management firm.One of your clients is considering investing inazero-coupon bond with a face value of$1,000and 10years left until maturity.The trading desk informs you thatthe bond is currentlytrading at$459. Based on this information,you tell your client thatthe yield to maturity on this bond is closest to:?
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Basic Finance An Introduction To Financial Institutions, Investments, And Management
Authors: Herbert B. Mayo
12th Edition
1337691011, 978-1337691017
