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3. You just bought a bond for $950 that matures in 3 years, makes annual coupon payments of 7.00 %, and has a par value of $1,000. What is the Yield to Maturity? a. 7.85% b. 8.97% c. 9.04% d. 9.86% e. None of the above For the same bond described in question 3, what is the current yield? a. 5.82% 6.000

3. You just bought a bond for $950 that matures in 3 years, makes annual coupon payments of 7.00 %, and has a par value of $1,000. What is the Yield to Maturity? a. 7.85% b. 8.97% c. 9.04% d. 9.86% e. None of the above For the same bond described in question 3, what is the current yield? a. 5.82% 6.000

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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3. You just bought a bond for $950 that matures in 3 years, makes annual coupon payments of 7.00%, and has a par value of $1,000. What is the Yield to Maturity? a. 7.85% b. 8.97% c. 9.04% d. 9.86% e. None of the above For the same bond described in question 3, what is the current yield? a. 5.82% b. 6.82% c. 7.58% d. 8.12% e. None of the above
Transcribed Image Text:3. You just bought a bond for $950 that matures in 3 years, makes annual coupon payments of 7.00%, and has a par value of $1,000. What is the Yield to Maturity? a. 7.85% b. 8.97% c. 9.04% d. 9.86% e. None of the above For the same bond described in question 3, what is the current yield? a. 5.82% b. 6.82% c. 7.58% d. 8.12% e. None of the above
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