A 16-year bond with a 10 percent annual coupon has a current yield of 8 percent. What is the bond’s yield to maturity (YTM)?
a. 6.9%
b. 7.1%
c. 7.3%
d. 7.5%
e. 7.7%
Answer: C
A 16-year bond with a 10 percent annual coupon has a current yield of 8 percent. What is the bond’s yield to maturity (YTM)?
a. 6.9%
b. 7.1%
c. 7.3%
d. 7.5%
e. 7.7%
Answer: C
If the answers is incorrect or not given, you can answer the above question in the comment box. If the answers is incorrect or not given, you can answer the above question in the comment box.