AlexBeWare2557 AlexBeWare2557

21-04-2024
Business

Answered

Blue Star Air issued a bond that makes semiannual coupon payments and has a par value of $1,000. The current price of the bond is $950. It has 20 years to maturity and a coupon rate of 8.00%.. What is the bond's yield to maturity (YTM)?
A. 8.34%
B. 8.25%
C. 7.75%
D. 8.15%

Answer :

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