- A 1 As Of Feb 17 2021 A 3m Company Bond Is Priced At 1104 65 The Bond Carries A Coupon Rate Of 2 875 Makes Semi An 1 (23.97 KiB) Viewed 30 times
a 1. As of Feb 17, 2021 a 3M Company bond is priced at $1104.65. The bond carries a coupon rate of 2.875%, makes semi-an
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a 1. As of Feb 17, 2021 a 3M Company bond is priced at $1104.65. The bond carries a coupon rate of 2.875%, makes semi-an
a 1. As of Feb 17, 2021 a 3M Company bond is priced at $1104.65. The bond carries a coupon rate of 2.875%, makes semi-annual payments, matures in 6.5 years, and has a par value of $1,000. (a) Complete the following statement: It is a simple mathematical facto that this bond's yield to maturity (YTM) will be greater than / equal to / less than (Pick One) the bond's coupon rate of 2.875% because the bond price is greater than / equal to / less than (Pick One) $1000. (b) Calculate the annual Yield to Maturity (YTM) on this bond. (2.5 pts)