(YTM, semiannual payments) On 15 August 1990, the U.S. Treasury issued a bond maturing on 15 February...
Question:
(YTM, semiannual payments) On 15 August 1990, the U.S. Treasury issued a bond maturing on 15 February 2020. The bond has a coupon rate of 8.75%, payable semi-annually on 15 February and 15 August. If on 22 June 2015 a $100 face value bond is selling for $138.89, what is the bond’s yield to maturity?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answered By
Shebla K
I am an MBA graduate having experience as an Assistant Professor at University level for two years. I always prepare well for a class as I believe that only if you become an ocean you can give a bucket of water. Being a teacher was not only my profession but also my passion.
1+ Reviews
10+ Question Solved
Related Book For 
Principles Of Finance Wtih Excel
ISBN: 9780190296384
3rd Edition
Authors: Simon Benninga, Tal Mofkadi
Question Posted:
