(please correct answer and don't use hand rating and don't use Ai solution ) A coupon bond that pays interest of $48 semi-annually has a par value of $1,000, matures in 10 years, and is selling today at a $95 discount from par value. The yield to maturity on this bond is______. Select one: a. 9.48% b. 8.85% c. 11.20% d. 5.60% e. 10.25%
(please correct answer and don't use hand rating and don't use Ai solution ) A coupon bond that pays interest of $48 semi-annually has a par value of $1,000, matures in 10 years, and is selling today at a $95 discount from par value. The yield to maturity on this bond is______. Select one: a. 9.48% b. 8.85% c. 11.20% d. 5.60% e. 10.25%
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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(please correct answer and don't use hand rating and don't use Ai solution )
A coupon bond that pays interest of $48 semi-annually has a par value of $1,000, matures in 10 years, and is selling today at a $95 discount from par value. The yield to maturity on this bond is______.
Select one:
a.
9.48%
b.
8.85%
c.
11.20%
d.
5.60%
e.
10.25%
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