Question
A 30-year maturity bond with face value of $1,000 makes semiannual coupon payments and has a coupon rate of 8%. (Do not round intermediate calculations.
A 30-year maturity bond with face value of $1,000 makes semiannual coupon payments and has a coupon rate of 8%. (Do not round intermediate calculations. Enter your answers as a percent rounded to 3 decimal places.)
What is the yield to maturity if the bond is selling for $900?
Yield to maturity ________%
What is the yield to maturity if the bond is selling for $1,000?
Yield to maturity ________%
What is the yield to maturity if the bond is selling for $1,100?
Yield to maturity ________%
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Fintech For Finance Professionals
Authors: David Kuo Chuen Lee, Joseph Lim, Kok Fai Phoon, Yu Wang
1st Edition
9811241864, 978-9811241864
