Coupon Assignment | Professional Writing
May 24th, 2020
Assume a 1,000 face value bond with 20 years left til maturity. If the coupon rate is 12%, paid semi-annually, and the current yield is 10.5%, what should be the yield to maturity on this bond?
A. 9.20%
B. 8.89%
C. 10.30%
D. 11.10%
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