Multiple Choice
Cornerstone Industries has a bond outstanding that has a 7% coupon rate and a market price of $887.71. If the bond matures in five years and interest is paid semiannually, what is the YTM?
A) 4.9%
B) 5.5%
C) 7.5%
D) 9.9%
E) 14.9%
Correct Answer:
Verified
Correct Answer:
Verified
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