NBC's bond sells for 86% of its $1,000 par value. The bond has a coupon rate of 4.5% Interest is paid annually. It matures in 16 years. What is the YTM on this bond? YTM= YTM= YTM = YTM= a b с d 8.87% 6.87% 5.87% 4.87% Use Goal Seek.

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
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NBC's bond sells for 86% of its $1,000 par value.
The bond has a coupon rate of 4.5%
Interest is paid annually.
It matures in 16 years.
What is the YTM on this bond?
YTM =
YTM=
YTM =
YTM =
a
b
с
d
8.87%
6.87%
5.87%
4.87%
Use Goal Seek.
Transcribed Image Text:NBC's bond sells for 86% of its $1,000 par value. The bond has a coupon rate of 4.5% Interest is paid annually. It matures in 16 years. What is the YTM on this bond? YTM = YTM= YTM = YTM = a b с d 8.87% 6.87% 5.87% 4.87% Use Goal Seek.
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