What is the YTM on a 9% 20-year semi-annual coupon bond selling for $1,000 today? a. 5.4% b. Cannot be computed with given information c. 4.5% d. 9%

Personal Finance
13th Edition
ISBN:9781337669214
Author:GARMAN
Publisher:GARMAN
Chapter14: Investing In Stocks And Bonds
Section: Chapter Questions
Problem 7DTM
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What is the YTM on a 9% 20-year semi-annual coupon bond selling for $1,000 today?

a.

5.4%

b.

Cannot be computed with given information

c.

4.5%

d.

9%

 

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