FIN 370 Course Great Wisdom / tutorialrank.com FIN 370 Course Great Wisdom / tutorialrank.com | Page 36
8.56 percent
8.04 percent
8.22 percent
The 7 percent bonds issued by Modern Kitchens pay interest semiannually mature in eight years and have a $ 1000 face value. Currently, the bonds sell for $ 1,032. What is the yield to maturity?
7.20 percent
6.87 percent
6.48 percent
6.92 percent
6.08 percent
8.56 percent
8.04 percent
8.22 percent
The 7 percent bonds issued by Modern Kitchens pay interest semiannually mature in eight years and have a $ 1000 face value. Currently, the bonds sell for $ 1,032. What is the yield to maturity?