What is the yield-to-maturity for the ajax corporation bond


1. Ajax Corporation has a bond with a coupon rate of 11.5%, maturing in 15 years at a value of $1,000. The bond makes annual interest payments and has a current market price of $920. What is the yield-to-maturity for the Ajax Corporation bond?

A. 12.72%

B. 12.50%

C. 11.83%

D. 11.50%

2. Ajax Corporation has a bond with a coupon rate of 11.5%, maturing in 15 years at a value of $1,000. The bond makes annual interest payments and has a current market price of $920. What is the nominal yield for the Ajax Corporation bond?

A. 10.25%

B. 11.50%

C. 12.50%

D. 13.50%

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