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A bond with a four-year maturity, semi-annual coupon of 5% and a face value of $100,000 is selling for $96,870. What is the bond's yield-to-maturity?

A bond with a four-year maturity, semi-annual coupon of 5% and a face value of $100,000 is selling for $96,870. What is the bond's yield-to-maturity? State your answer as a percentage and round to 2 decimals. For example, a YTM of 7.55% is stated as 7.55. Blank 1 Blank 1 Add your answer
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A bond with a four-year maturity, semi-annual coupon of 5% and a face value of $100,000 is selling for $96,870. What is the bond's yield-to-maturity? State your answer as a percentage and round to 2 decimals. For example, a YTM of 7.55% is stated as 7.55 . Blank 1 Blank 1 Addyour

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