The spade company’s bonds have 4 years remaining to maturity. Interest is paid annually; the bonds have a 1,000, face value; and the coupon interest rate is 9%. What is the estimated yield to maturity of the bonds at their current market price of 829? 13.10% 10.86% 14.80% 8.20%

The spade company’s bonds have 4 years remaining to maturity. Interest is paid annually; the bonds have a 1,000, face value; and the coupon interest rate is 9%. What is the estimated yield to maturity of the bonds at their current market price of 829? 13.10% 10.86% 14.80% 8.20%

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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13.10%
10.86%
14.80%
8.20%

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