Question
A bond sells for $974.05 and has a coupon rate of 7.20 percent. If the bond has 18 years until maturity, what is the yield
A bond sells for $974.05 and has a coupon rate of 7.20 percent. If the bond has 18 years until maturity, what is the yield to maturity of the bond? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places. Omit the "%" sign in your response.) |
Yield to maturity | % |
Rolling Company bonds have a coupon rate of 4.40 percent, 16 years to maturity, and a current price of $1,106. What is the YTM? The current yield? (Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places. Omit the "%" sign in your response.) |
YTM | % |
Current yield | % |
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