Intermediate Financial Management (MindTap Course List)
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%
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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%
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