Generic inc issued bonds in 1988 that will mature 16 years


Generic Inc. issued bonds in 1988 that will mature 16 years from today. The bonds pay a 14.375% coupon and the interest is paid semiannually. The bonds' current price is $1,508.72. What is the yield to maturity on the bonds?

7.67%

16.92%

14.40%

8.5%

 

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Finance Basics: Generic inc issued bonds in 1988 that will mature 16 years
Reference No:- TGS0606825

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