a bond with a $1000 par value, 10 years to maturity, and a coupon rate of...
50.1K
Verified Solution
Question
Finance
a bond with a $1000 par value, 10 years to maturity, and acoupon rate of 6% paid annually is selling for $1,123.42. Its yieldto maturity is:
a. 3.00%
b. 4.44%
c. 12.34%
d. 10.29%
a bond with a $1000 par value, 10 years to maturity, and acoupon rate of 6% paid annually is selling for $1,123.42. Its yieldto maturity is:
a. 3.00%
b. 4.44%
c. 12.34%
d. 10.29%
Answer & Explanation Solved by verified expert
3.8 Ratings (496 Votes)
See Answer
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!
Transcribed Image Text
a bond with a $1000 par value, 10 years to maturity, and acoupon rate of 6% paid annually is selling for $1,123.42. Its yieldto maturity is:a. 3.00%b. 4.44%c. 12.34%d. 10.29%
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.