Question
You own a bond that pays $32 in interest semi-annually. The face value is $1,000 and the current market price is $1,021.61. The bond matures
You own a bond that pays $32 in interest semi-annually. The face value is $1,000 and the current market price is $1,021.61. The bond matures in 15 years. What is the yield to maturity?
Group of answer choices
6.13%
12.43%
7.20%
6.18%
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Managing Cash Flow An Operational Focus
Authors: Rob Reider, Peter B. Heyler
1st Edition
0471228095, 9780471228097
