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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Question
Sanitizer Corp. issued 17-year bonds 2 years ago at a coupon rate of 10.8 percent. The bonds have a $1,000 par value and make semiannual interest payments. If these bonds currently sell for 97 percent of par value, what is the YTM? Multiple Choice O 11.00% 11.22% 11.64% 11.36%
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Transcribed Image Text:Sanitizer Corp. issued 17-year bonds 2 years ago at a coupon rate of 10.8 percent. The bonds have a $1,000 par value and make semiannual interest payments. If these bonds currently sell for 97 percent of par value, what is the YTM? Multiple Choice O 11.00% 11.22% 11.64% 11.36%
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