Consider a coupon bond that pays 5.14% (semi-annual) coupons, and matures in 19 years. The bond is selling at 95.789% of par value. What is the annualized (APR) yiel to-maturity on the bond? 4.62% 5.50% 2.75% 5.79%

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
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Consider a coupon bond that pays 5.14% (semi-annual) coupons, and matures in 19
years. The bond is selling at 95.789% of par value. What is the annualized (APR) yield-
to-maturity on the bond?
4.62%
5.50%
2.75%
5.70%
Transcribed Image Text:Consider a coupon bond that pays 5.14% (semi-annual) coupons, and matures in 19 years. The bond is selling at 95.789% of par value. What is the annualized (APR) yield- to-maturity on the bond? 4.62% 5.50% 2.75% 5.70%
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