You just paid $1,200 for a bond with the face value of $1,000. This bond pays a 6% coupon semi- annually, it has a term to maturity of 25 years. Assume that the last coupon has just been paid. What is the yield to maturity of the bond?a.5.52%b.2.32% c.4.64%d.3.76%e.6.39%
You just paid $1,200 for a bond with the face value of $1,000. This bond pays a 6% coupon semi- annually, it has a term to maturity of 25 years. Assume that the last coupon has just been paid. What is the yield to maturity of the bond?a.5.52%b.2.32% c.4.64%d.3.76%e.6.39%
Pfin (with Mindtap, 1 Term Printed Access Card) (mindtap Course List)
7th Edition
ISBN:9780357033609
Author:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk
Publisher:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk
Chapter12: Investing In Stocks And Bonds
Section: Chapter Questions
Problem 6FPE
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