Question
Broke Benjamin Co. has a bond outstanding that makes semi annual payments with a coupon rate of 4.8%. the Bond sells for $951.07 and matures
Broke Benjamin Co. has a bond outstanding that makes semi annual payments with a coupon rate of 4.8%. the Bond sells for $951.07 and matures in 10 years. The par value is $1,000. What is the yield to maturity of the bond?
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Step: 1
To calculate the yield to maturity YTM of the bond we can use the formula for YTM which considers th...Get Instant Access to Expert-Tailored Solutions
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Step: 2
Step: 3
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Bond Markets Analysis and Strategies
Authors: Frank J.Fabozzi
9th edition
133796779, 978-0133796773
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