A Bond,which Is Currently Trading at $3440,has Four Years to Maturity,a

question 40

Multiple Choice

A bond,which is currently trading at $3440,has four years to maturity,a $4000 face value,and a 3.5% coupon rate with annual coupons.Which of the following is its approximate yield to maturity?

• A)3.84%
• B)3.5%
• C)7.7%
• D)5%
• E)3.01%

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Subsidiary Ledger

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A complete record of all financial transactions over the life of a company, organized by accounts.

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