SBM Co., issued a 5-year bond with a face value of P10,000 with a coupon rate of 9%. Currently, the bond is quoted 95 ½. The approximate yield to maturity would be closest to: a. 4.80% b. 9.5% c. 8.87% d. 9.69% e. 10.13% f. 11.12%
SBM Co., issued a 5-year bond with a face value of P10,000 with a coupon rate of 9%. Currently, the bond is quoted 95 ½. The approximate yield to maturity would be closest to: a. 4.80% b. 9.5% c. 8.87% d. 9.69% e. 10.13% f. 11.12%
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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