8 A 6% coupon rate bond makes "semi-annual" interest rate payments. Par value is $1,000. The bond matures in six (6) years. The current price of the bond is 876.66. Calculate the bonds YTM. a. 6.475% b. 7.420% c. 8.680% d. 9.296%

8 A 6% coupon rate bond makes "semi-annual" interest rate payments. Par value is $1,000. The bond matures in six (6) years. The current price of the bond is 876.66. Calculate the bonds YTM. a. 6.475% b. 7.420% c. 8.680% d. 9.296%

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

Problem 1PS

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d
intere!
8 A 6% coupon rate bond makes "semi-annual" interest rate payments. Par value is $1,000.
The bond matures in six (6) years. The current price of the bond is 876.66. Calculate the bonds YTM.
a. 6.475%
b. 7.420%
c. 8.680%
d. 9.296%

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