answer0.0979

It is the end of month 0 . Consider the following information for a bond with nonstandard fixed coupons and 6 months left to maturity, as set out in the table below: What is the annualised yield to maturity of this bond if it is currently trading at $110 ? Hint: You can use the Excel IRR() function to calculate the monthly yield to maturity. Note: Final answers should be entered in decimal form with 4 decimal places (e.g. 0.0514 not 5.14%)