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A bond with a par value of $1,000 has an annual interest payment of $93. The bond currently sells ...

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A bond with a par value of $1,000 has an annual interest payment of $93. The bond currently sells ...

A bond with a par value of $1,000 has an annual interest payment of $93. The bond currently sells for $930 and has 7 years to maturity. Which of the following is true?

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The coupon rate must be 9.3%.

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The investor’s required rate of return must be 9.3%.

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The current yield on the bond must be 9.3%.

▸

The yield to maturity must be 9.3%.

Textbook

Financial Management: Theory and Practice

Edition: 4^th

Authors: Brigham, Ehrhardt, Gessaroli, Nason

Read 72 times

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