Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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Transcribed Image Text:The Jupiter Dan Company has a bond outstanding that makes semiannual payments with a
coupon rate of 10 percent. The bond sells for $1062.84 and matures in 10 years. The par
value is $1,000. What is the yield to maturity (YTM) of the bond?
O 18.59%
O 8.43%
9.03%
O 4.52%
18.06%
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