Answered: A $14,000 bond has a coupon rate of 10%…

A $14,000 bond has a coupon rate of 10% and is redeemable in 10 years. What is the yield rate of the bond if the bond was purchased for $13,090? a. b. C. 11.09% 10.00% 11.50% d. 10.50%

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter4: Bond Valuation

Section: Chapter Questions

Problem 14P: Current Yield with Semiannual Payments A bond that matures in 7 years sells for $1,020. The bond has...

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Pr.rahul

A $14,000 bond has a coupon rate of 10% and is redeemable in 10 years. What is the
yield rate of the bond if the bond was purchased for $13,090?
a.
b.
C.
11.09%
10.00%
11.50%
d.
10.50%

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