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Below is a list of prices for $1,000-par zero-coupon Treasury securities of various maturities. An 12% coupon $100 par bond pays an semi-annual coupon and
Below is a list of prices for $1,000-par zero-coupon Treasury securities of various maturities. An 12% coupon $100 par bond pays an semi-annual coupon and will mature in 1.5 years. What should be the YTM on the bond? Assume semi-annual interest compounding for this question. Round your answer to 4 decimal places. For example if your answer is 3.205%, then please write down 0.0321. Maturity (periods) Price of $1,000 par bond 1 943.4 2 873.52 3 770
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