Business, 09.11.2020 17:20 joshuasanders8862
A corporate bond has an annual coupon rate of 7.5% 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?
a. 6.31%
b. 7.82%
c. 8.00%
d. 8.04%
e. 8.12%
Answers: 1
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A corporate bond has an annual coupon rate of 7.5% and pays interest annually. The face value is $1,...
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