Question
A bond with a face value of $800 and 17 years remaining until maturity pays a coupon rate of 4.75% semi-annually. Calculate its yield to
A bond with a face value of $800 and 17 years remaining until maturity pays a coupon rate of 4.75% semi-annually. Calculate its yield to maturity (IY) if it is priced at $639.64. Note: Please make sure your final answer(s) are in percentage form and are accurate to 2 decimal places. For example 34.56%.
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IY = 0.00%
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Options Futures And Other Derivatives
Authors: John C. Hull
3rd Edition
0131864793, 9780306457555
