A bond with a face value of $1,000 has a 10-year maturity and an 8.5 percent annual coupon. The bond has a current yield of 8 percent. What is the bond’s yield to maturity?
a. 8.25%
b. 8.86%
c. 7.59%
d. 8.50%
e. 8.00%
Answer: C
A bond with a face value of $1,000 has a 10-year maturity and an 8.5 percent annual coupon. The bond has a current yield of 8 percent. What is the bond’s yield to maturity?
a. 8.25%
b. 8.86%
c. 7.59%
d. 8.50%
e. 8.00%
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.