Question
An investor is considering purchasing a bond with a .71 percent coupon interest rate, a par value of $1,000, and a market price of $1,121.44.
An investor is considering purchasing a bond with a .71 percent coupon interest rate, a par value of $1,000, and a market price of $1,121.44. 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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Blueprint For Success Writing Business Plans For Engineering Startups
Authors: Maxwell E. Uduafemhe Phd
1st Edition
979-8862953190
