Question: no excel please A bond has a $1,000 par value, 16 years to maturity, a 7 percent annual coupon, and sells for $1,057. What is

no excel please

A bond has a $1,000 par value, 16 years to maturity, a 7 percent annual coupon, and sells for $1,057. What is the bond's yield to maturity (YTM)? Selected Answer: c. 6.42% a. 11.27% b. 7.00% Answers:

A bond has a $1,000 par value, 16 years to maturity, a 7 percent annual coupon, and sells for $1,057. What is the bond's yield to maturity (YTM)? Selected Answer: c. 6.42% Answers: a. 11.27% b. 7.00%

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