phanel101 phanel101

17-05-2024
Business

Answered

A corporate bond has a coupon of 7.5 percent and pays interest annually. The face value is $1,000 and the current market price is $1,108.15. The bond matures in 14 years. What is the yield to maturity?
Question 17Answer

a.
8.00%

b.
7.82%

c.
8.04%

d.
6.31%

e.
8.12%

Answer :

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