Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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ACB Products has a bond issue outstanding with 8 years remaining to maturity, a coupon rate of 10 percent with interest paid annually, and a par value of $1,000. If the current maarket price of the bond issue is $814.45, what is the yield to maturity, rd.
Select one:
a.
14%
b.
15%
c.
16%
d.
12%
e.
13%
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