Galt Industries Has Just Issued a Callable,$1000 Par Value,five-Year,6% Coupon

question 16

Multiple Choice

Galt Industries has just issued a callable,$1000 par value,five-year,6% coupon bond with semiannual coupon payments.The bond can be called at par in three years or anytime thereafter on a coupon payment date.If the bond is currently trading for $978.94,then its yield to maturity is closest to:

• A)3.4%.
• B)6.0%.
• C)6.5%.
• D)6.8%.

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Definitions:

Esteem Needs

The need for respect—both self-respect and respect from others.