Question
An investor is considering purchasing a bond with a 4.22 percent coupon interest rate, a par value of $1,000, and a market price of $634.47.
An investor is considering purchasing a bond with a 4.22 percent coupon interest rate, a par value of $1,000, and a market price of $634.47. The bond will mature in nine years. Based on this information, answer the following questions:
a. What is the bond's current yield?
b. What is the bond's approximate yield to maturity?
c. What is the bond's yield to maturity using a financial calculator?
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Take The Trade A Floor Trade
Authors: Tony Wilson
1st Edition
979-8218195458
