Post Utme Abu 2017 Commerce Question 10
Practice objective / multiple choice question 10 from the 2017 Post Utme Abu Commerce examination.
A bank is considering the issuance of a new bond with a face value of ₦10 million and a coupon rate of 8% per annum. If the bank's cost of capital is 10% per annum, what is the yield to maturity (YTM) of the bond?
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About This Question
This is Post Utme Abu 2017 Commerce Question 10. It is one of the objective questions from the 2017 Post Utme Abu Commerce examination.
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