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$1,145.68, what is its YTM? Vasicek Co. has 12.5 percent coupon bonds on the mar- ket with eight years left to maturity. The bonds make

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$1,145.68, what is its YTM? Vasicek Co. has 12.5 percent coupon bonds on the mar- ket with eight years left to maturity. The bonds make an- nual payments. If one of these bonds currently sells for APPENDIX D Using the HP 10B ar $41.25), halve the YTM (7.10 - 2 ==> 3.55), and double 2 the number of periods (10 years remaining X 2 = 20 periods). Then, the current bond price is $1,081.35. 6. Simple Bond Yields to Maturity TI BA II PLUS HP 10B -1.145.68 PV

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