A bond has a coupon of 6 it has a face value of 100 it pays, Ask an Expert

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A bond has a coupon of 6%. It has a face value of $100. It pays interest semi-annually. The bond was issued on March 18th, 2013. The settlement date is March 21st, 2013. The maturity date is 3/23/2023. The first interest payment is June 18th, 2013. The redemption of the bond is $100. The bond is currently selling for 110% of face value. The yield to maturity of the bond is:

a) 3.653%

b) 4.733%

c) 6%

d) 9.467%

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91270788

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