Question
An investor is considering purchasing a bond with a 5.87 percent coupon interest rate, a pair value of $1,000, and a market price of $800.43.
An investor is considering purchasing a bond with a 5.87 percent coupon interest rate, a pair value of $1,000, and a market price of $800.43. The bond will mature in nine years. Based on the information, answer the following questions: A.) What is the bonds current yield? B.) What is the bonds approximate yield to maturity? C.) What is the bonds yield to maturity using a financial calculator?
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Finance Without Fear Business Forecasting Workbook
Authors: William S. Hettinger, John Dolan Heitlinger
1st Edition
0982891717, 9780982891711
