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A zero-coupon bond with face value $1,000 and maturity of four years sells for $750.22. a. What is its yield to maturity? (Round your answer
A zero-coupon bond with face value $1,000 and maturity of four years sells for $750.22.
a. | What is its yield to maturity? (Round your answer to 2 decimal places.) |
Yield to maturity | % |
b. | What will the yield to maturity be if the price falls to $734? (Round your answer to 2 decimal places.) |
Yield to maturity | % |
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