Series 7 - General Securities Representative Exam

Training Mode

Unit 1 Unit 2 Unit 3 Unit 4

Your client, Mr Jones, purchased a YLD corporate bond with a 6.5 percent coupon. The YTM is 6.5 percent. If the bond is to be called in 5 years with a YTC of 7.25 percent, how much did Mr. Jones pay for this bond?

$1,000

A

Over par value

B

Under par value

C

Not enough data

D