Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. 5 years ago you purchased a 20 year $1,000 bond. t

5 years ago you purchased a 20 year $1,000 bond. The bond has a coupon...

50.1K

Verified Solution

Question

Finance

5 years ago you purchased a 20 year $1,000 bond. The bond has a coupon rate of 9.5 percent and sells for $1,016.64. What is the bond's yield to maturity?

5.41%

7.71%

8.66%

9.29%

9.31%

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

General Management
1.2K views

Explain the impact of private equity firm acquisition of manufacturing and retail firms. Please answer the above...

Physics
1.2K views

4 A pipe open at one end has length 0 8 m At the open...

Geometry
1.2K views

Identify the geometries (Euclidean, hyperbolic, and/or spherical) in which each statement is true.Given a line...

Basic Math
1.2K views

What is the sum of the measures of angles 3 5 and 7 line g...

Basic Math
1.2K views

The following are the heights in inches of the players in four basketball teams for...

Basic Math
1.2K views

simplify and write the trig expression in terms of sine and cosine.

Calculus
1.2K views

JLO y x 5

Accounting
1.2K views

Brief Exercise 11-7 Sheridan Company purchased a computer for $9,360 on January 1, 2016. Straight-line...

Accounting
1.2K views

Question 55 of 75. Luke was physically present in the United States for 110 days...

Accounting
1.2K views

With the exception of contra accounts, a credit will increase which of the five classifications...

Accounting
1.2K views

2 0.16 3 15 16 17 18 H Ingredients Double Double Unit Cost per Unit...

Accounting
1.2K views

When Magdalenas outside basis is $58,000, she receives a liquidating distribution of $15,000 cash and...