Question
Based on The Trinidad & Tobago Stock Exchange Limited Daily Government Bond Trading and Quotation Summary on August 7, 2019, approximately 7.75 years after issue,
Based on The Trinidad & Tobago Stock Exchange Limited Daily Government Bond Trading and Quotation Summary on August 7, 2019, approximately 7.75 years after issue, the bond traded on the secondary market at a yield to maturity (YTM) of 4.80%, with a price of $1110.00 (per $1,000 face value). Prove the accuracy of the traded bond price based on this yield to maturity (YTM)
Based on The Trinidad & Tobago Stock Exchange Limited Daily Government Bond Trading and Quotation Summary on August 7, 2019, approximately 7.75 years after issue, the bond traded on the secondary market at a yield to maturity (YTM) of 4.80%, with a price of $1110.00 (per $1,000 face value). Prove the accuracy of the traded bond price based on this yield to maturity (YTM).
Compute the bond’s current yield based on the last traded price computed in question above.
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FORMULAE FOR YIELD TO METURITY COUPON RATEFACE VALUEPRESENT VALUE TENU...
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Survey of Accounting
Authors: Carl S Warren
5th Edition
9780538489737, 538749091, 538489731, 978-0538749091
