A bond has $1000 par value 9 years to maturity and a 8% annual coupon and sells
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Question:
A bond has $1000 par value 9 years to maturity and a 8% annual coupon and sells for $825.
What is its yield to maturity (YTM)?
a.)10.15%
b.)8.31%
c.)8.40%
d.)8.24%
e.) 11.127%
Related Book For
Essentials of Business Analytics
ISBN: 978-1285187273
1st edition
Authors: Jeffrey Camm, James Cochran, Michael Fry, Jeffrey Ohlmann, David Anderson, Dennis Sweeney, Thomas Williams
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