A 10-year semi-annual bond with a 6% coupon rate is trading at $1002. What is the YTM?
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Question:
A 10-year semi-annual bond with a 6% coupon rate is trading at $1002. What is the YTM?
a. 5.97%
b. 6.16%
c. 6.62%
d. 6.97%
Expert Answer:
Related Book For 
Fundamentals of Corporate Finance
ISBN: 978-1260153590
12th edition
Authors: Stephen M. Ross, Randolph W Westerfield, Robert R. Dockson, Bradford D Jordan
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