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Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN: 9781337395083
Author: Eugene F. Brigham, Phillip R. Daves
Publisher: Cengage Learning
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Radhubhai
![You are interested in buying the following bond: A 25-year semi-annual coupon bond with the
coupon rate of 4.4%, face value of $1,000, and the current market price of $1,045. Based on the
information above, what is the yield to maturity (YTM) of this bond?
3.740%
O4.110%
2.055%
4.570%
2.285%](https://content.bartleby.com/qna-images/question/b118157e-b74a-4ce3-8c5b-5d72e545d5f9/9746adea-334a-4717-ba86-8e5fbefcb0ae/w1g0p9k_thumbnail.jpeg)
Transcribed Image Text:You are interested in buying the following bond: A 25-year semi-annual coupon bond with the
coupon rate of 4.4%, face value of $1,000, and the current market price of $1,045. Based on the
information above, what is the yield to maturity (YTM) of this bond?
3.740%
O4.110%
2.055%
4.570%
2.285%
SAVE
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