Question
A long term FedEx bond that pays a coupon of 4.81% per year with a maturity of 2039. If the current price of the bonds
A long term FedEx bond that pays a coupon of 4.81% per year with a maturity of 2039. If the current price of the bonds is expressed as $96.68 (this is the % of par of 1000), what is the yield to maturity of the bonds? NOTE: the answer is approximate so your answer may be slightly off but still correct. (Assume year is 2021 so 18 years or 36 six month periods.) Express your answer as a decimal (5.83% is .0583).
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Investment Analysis and Portfolio Management
Authors: Frank K. Reilly, Keith C. Brown
10th Edition
538482109, 1133711774, 538482389, 9780538482103, 9781133711773, 978-0538482387
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