Multiple Choice
ICX Company has an issue of perpetual bonds (par value to $1,000) that pays 5% annual interest. Determine the yield (to the nearest tenth of 1 percent) if the bonds are currently selling for $625.
A) 5.0%
B) 8.0%
C) 3.1%
D) 6.25%
Correct Answer:
Verified
Correct Answer:
Verified
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