The bonds issued by Stainless Tubs bear an 8 percent coupon, payable semiannually. The bonds mature in
Question:
The bonds issued by Stainless Tubs bear an 8 percent coupon, payable semiannually. The bonds mature in 11 years and have a $1,000 face value. Currently, the bonds sell for $952. What is the yield to maturity?
a. 7.87 percent
b. 7.92 percent
c. 8.08 percent
d. 8.69 percent
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Related Book For
Introduction to Accounting An Integrated Approach
ISBN: 978-0078136603
6th edition
Authors: Penne Ainsworth, Dan Deines
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