Answered step by step
Verified Expert Solution
Question
1 Approved Answer
A japanese comapny has a bond outstanding that sells for 91.53 percent of its 100,000 par value. The bond has a coupon rate of 3.4
A japanese comapny has a bond outstanding that sells for 91.53 percent of its 100,000 par value. The bond has a coupon rate of 3.4 percent paid annually and matures in 16 years. What is the yield to maturity of this bond?
Settlement date = 1/1/2000
Maturity date = 1/1/2016
Annual coupon rate = 3.4%
Coupons per year = 1
Face value (% of par) = 100
Bond price (% of par) = 91.530
Face value = 100,000
Please answer in exel format: =Yeild(settlement, matruity, rate, pr, redemption, frequency)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started