Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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Accounting
Chadron Motors has 6.5 percent coupon bonds
outstanding with a current market price of $695.
The yield to maturity is 13.2 percent and the face
value is $1,000. Interest is paid annually. How
many years is it until these bonds mature?
А. 7.41 years
В. 5.73 years
С. 6.16 уears
D. 4.19 years
E. 8.32 years
Chadron Motors has bonds on the market with
13 years to maturity, a YTM of 7.6 percent, and a
current price of $918.32. The bonds make
semiannual payments and have a face value
$1,000. What is the coupon rate?
A. 6.50 percent
В. 6.67рercent
C. 6.40 percent
D. 6.33 percent
Е. 6.60 рercent
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Transcribed Image Text:Accounting Chadron Motors has 6.5 percent coupon bonds outstanding with a current market price of $695. The yield to maturity is 13.2 percent and the face value is $1,000. Interest is paid annually. How many years is it until these bonds mature? А. 7.41 years В. 5.73 years С. 6.16 уears D. 4.19 years E. 8.32 years Chadron Motors has bonds on the market with 13 years to maturity, a YTM of 7.6 percent, and a current price of $918.32. The bonds make semiannual payments and have a face value $1,000. What is the coupon rate? A. 6.50 percent В. 6.67рercent C. 6.40 percent D. 6.33 percent Е. 6.60 рercent
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