roke Benjamin Co. has a bond outstanding that makes semiannual payments with a coupon rate of 5.5 percent. The bond sells for $938.52 and matures in 11 years. The par value is $1,000. What is the YTM of the bond?
roke Benjamin Co. has a bond outstanding that makes semiannual payments with a coupon rate of 5.5 percent. The bond sells for $938.52 and matures in 11 years. The par value is $1,000. What is the YTM of the bond?
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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Broke Benjamin Co. has a bond outstanding that makes semiannual payments with a coupon rate of 5.5 percent. The bond sells for $938.52 and matures in 11 years. The par value is $1,000. What is the YTM of the bond?
Multiple Choice
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5.65%
-
6.28%
-
4.71%
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5.97%
-
3.14%
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