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Bond Returns and YTM You buy a(n) 15.2% coupon, 6-year maturity bond for $1,608.78. A year later, the bond price is $1,139.04. a. What is
Bond Returns and YTM
| You buy a(n) 15.2% coupon, 6-year maturity bond for $1,608.78. A year later, the bond price is $1,139.04. |
| a. | What is the new yield to maturity on the bond? (Do not round intermediate calculations. Round your answer to 2 decimal places.) |
| Yield to maturity | % |
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The International Handbook Of Public Financial Management
Authors: Richard Allen, Richard Hemming, B. Potter
1st Edition
1137574895, 978-1137574893
