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pompa pompa
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7 years ago
Tangshan Industries has issued a bond which has a $1,000 par value and a 15 percent annual coupon interest rate. The bond will mature in ten years and currently sells for $1,250. Using this information, the yield to maturity on the Tangshan Industries bond is ________.
A) 10.79 percent
B) 11.39 percent
C) 12.19 percent
D) 13.29 percent
Textbook 
Principles of Managerial Finance

Principles of Managerial Finance


Edition: 14th
Authors:
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UlainUlain
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#1
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7 years ago Edited: 10 months ago, bio_man
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Anonymous
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#2
10 months ago
Help! The answer is missing an explanation...
Anonymous
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#3
10 months ago
Added the solution above!
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