Problemchrysler has a bond outstanding with eight years, Ask an Expert

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Problem:

Chrysler has a bond outstanding with eight years remaining to maturity, a coupon rate of 5%, and semiannual payments. If the market price of the Chrysler bond is $729.05, what is the yield to maturity?

Choose one

A.7%

B.9%

C.10%

D.11%

Explain in detail.

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M91147401

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