Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. you purchased a bond for $930. it has a face value

You purchased a bond for $930. It has a face value of $1,000. Semi-annual coupon...

90.2K

Verified Solution

Question

Finance

You purchased a bond for $930. It has a face value of $1,000. Semi-annual coupon is $60. and it matures after ten years. What is the yield to maturity?

  1. A.

    13.31%
    B.

    7.00%
    C.

    12.90%
    D.

    6.64%

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

Medical Sciences
1.2K views

A patient comes into the ER after she was attacked. She is experiencing difficulty breathing after...

Chemistry
1.2K views

What are the thermodynamics properties of a detergent molecule forming a micelle in an aqueous environment?

Biology
1.2K views

Identify the tasks performed by pharmacytechnicians at the In Window.Process prescriptions, enter data, counsel patientsManage...

Basic Math
1.2K views

For two functions, f(x) and g(x)g(f(x)) = f(g(x))a) This statement is always true.b) This statement...

Accounting
1.2K views

Face value of a note plus interest is called the a....

Accounting
1.2K views

New York imposes a corporate franchise tax on all domestic corporations which are incorporated in...

Accounting
1.2K views

Oak Creek Fumiture Factory produces tables. If the foxed cost per...

Accounting
1.2K views

A Corporation has two service departments, S1 and S2, and three production departments, P1, P2,...

Accounting
1.2K views

A corporation uses the indirect method of preparing the statement of cash flows. A fixed...

Accounting
1.2K views

Presented below is the partial bond premium amortization schedule for Cullumber Corp Cullumber uses the...

Accounting
1.2K views

Sharp Screen Films, Inc., is developing its annual financial statements at December 31, current year....

Accounting
1.2K views

Which of the following is not a cost classification? O Variable O Multiple O Fixed...