Question
Your company has just issued, at par, new $1,000 bonds with a maturity of 5 years and a semi-annual coupon of $44 per bond.What is
Your company has just issued, at par, new $1,000 bonds with a maturity of 5 years and a semi-annual coupon of $44 per bond.What is the yield to maturity (YTM), expressed as an EAR, on the bonds?
8.32%
8.54%
8.77%
8.99%
9.22%
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Entrepreneurial Finance
Authors: J . chris leach, Ronald w. melicher
4th edition
538478152, 978-0538478151
