Multiple Choice
Chrysler has a bond outstanding with eight years remaining to maturity, a coupon rate of 5 percent, and semiannual payments. If the market price of the Chrysler bond is $729.05, what is the yield to maturity?
A) 7 percent
B) 9 percent
C) 10 percent
D) 11 percent
Correct Answer:
Verified
Correct Answer:
Verified
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