Business, 13.11.2019 20:31 chaseashley24
Apisco tiger inc. has bonds outstanding with 9 years left to maturity. the bonds have a 6.5% annual coupon rate (coupons paid annually) and were issued 3 years ago at their par value of $1,000. however, due to changes in interest rates, the bond's market price has fallen to $975. what is the bond's yield to maturity today?
a. 6.09 percent
b. 6.88 percent
c. 6.57 percent
d. 7.56 percent
Answers: 2
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Apisco tiger inc. has bonds outstanding with 9 years left to maturity. the bonds have a 6.5% annual...
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