A bond has a face value of $1,000 and five years to maturity. This bond has a coupon rate of 13 percent and is selling in the market today for $902. Coupon payments are made annually on this bond. What is the yield to maturity (YTM) for this bond?
A. 13 percent
B. 12.75 percent
C. 16 percent
D. 11.45 percent
E. 12 percent
C. 16 percent
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A. An approach to business governance that values decisions that can be backed up with verifiable data. B. A technique for establishing a match, or balance, between the source data and the target data warehouse. C. A storage repository that holds a vast amount of raw data in its original format until the business needs it. D. A business that collects personal information about consumers and sells that information to other organizations.
An applicant's capacity to repay its requested credit can be found by ________
A) analyzing financial statements B) checking bank account balances C) analyzing tax payment history D) checking the covenants
A credit score of ________ would normally allow you to have easy approval for credit
A) 500 B) 600 C) 700 D) 1,000
A default value is the value that a field will always assume, regardless of what the user enters for an instance of that field
Indicate whether the statement is true or false