ou own a bond that pays $64 in interest annually. the face value is $1,000 and the current market price is $1,021.61. The bond matures in 11 years. What is the yield to maturity? A. 6.12% B. 6.22% C. 6.46%
ou own a bond that pays $64 in interest annually. the face value is $1,000 and the current market price is $1,021.61. The bond matures in 11 years. What is the yield to maturity? A. 6.12% B. 6.22% C. 6.46%
Fundamentals Of Financial Management, Concise Edition (mindtap Course List)
10th Edition
ISBN:9781337902571
Author:Eugene F. Brigham, Joel F. Houston
Publisher:Eugene F. Brigham, Joel F. Houston
Chapter7: Bonds And Their Valuation
Section: Chapter Questions
Problem 1P
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You own a bond that pays $64 in interest annually. the face value is $1,000 and the current market price is $1,021.61. The bond matures in 11 years. What is the yield to maturity?
A. 6.12%
B. 6.22%
C. 6.46%
D. 6.71%
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