A bond that matures in 8 years has a 9.5 percent coupon rate, semiannual payments, a face value of $1,000, and an 8.2 percent current yield. What is the bond’s nominal yield to maturity (YTM)?
a. 7.20%
b. 7.45%
c. 6.55%
d. 6.89%
e. 8.20%
Answer: D
A bond that matures in 8 years has a 9.5 percent coupon rate, semiannual payments, a face value of $1,000, and an 8.2 percent current yield. What is the bond’s nominal yield to maturity (YTM)?
a. 7.20%
b. 7.45%
c. 6.55%
d. 6.89%
e. 8.20%
Answer: D
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.