New Surf Shop has $1,000 face value bonds outstanding. These bonds pay interest semi-annually that mature in

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New Surf Shop has $1,000 face value bonds outstanding. These bonds pay interest semi-annually that mature in 6 years, and also have a 9 percent coupon. The current price is $1,110. What would be the yield to maturity?

a) 3.37%

b) 5.90%

c) 4.41%

d) 6.74%

Related Book For answer-question

Investments An Introduction

ISBN: 978-0324561388

9th Edition

Authors: Herbert B Mayo

Posted Date: Aug 02, 2019 10:26 AM

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New Surf Shop has $1,000 face value bonds outstanding. These bonds pay interest semi-annually that mature in

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Investments An Introduction

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