Finnigan Corporation has bonds that have 7 years to maturity. Interest is paid semi-annually. The bonds have a $1,000 par value, a coupon rate of 10% and a price of $1,073.55. Compute the annual yield to maturity. Round to 2 decimal places. Question 8 options: 4.29% 4.35% 8.58% 8.70%

Finnigan Corporation has bonds that have 7 years to maturity. Interest is paid semi-annually. The bonds have a $1,000 par value, a coupon rate of 10% and a price of $1,073.55. Compute the annual yield to maturity. Round to 2 decimal places. Question 8 options: 4.29% 4.35% 8.58% 8.70%

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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Question

Finnigan Corporation has bonds that have 7 years to
maturity. Interest is paid semi-annually. The bonds have a
$1,000 par value, a coupon rate of 10% and a price of
$1,073.55. Compute the annual yield to maturity. Round to
2 decimal places.
Question 8 options:
4.29%
4.35%
8.58%
8.70%

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