ABC has 6% coupon bonds that pay interest annually. The bonds mature in 8 years....
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Finance
ABC has 6% coupon bonds that pay interest annually. The bonds mature in 8 years. Interest rates have risen since the bonds were initially issued and the current price of the bonds is $900. Calculate the YTM. Assume a face of $1000.
| 1. | 3.85% | |
| 2. | 7.70% | |
| 3. | 7.72% | |
| 4. | None of the above |
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