Question
Calculate the yield to maturity on the following bonds: A 8.1 percent coupon (paid semiannually) bond, with a $1,000 face value and 21 years remaining
Calculate the yield to maturity on the following bonds:
A 8.1 percent coupon (paid semiannually) bond, with a $1,000 face value and 21 years remaining to maturity. The bond is selling at $890.
An 5.2 percent coupon (paid quarterly) bond, with a $1,000 face value and 10 years remaining to maturity. The bond is selling at $916.
(For all requirements, do not round intermediate calculations. Round your answers to 3 decimal places. (e.g., 32.161))
An 7.2 percent coupon (paid annually) bond, with a $1,000 face value and 8 years remaining to maturity. The bond is selling at $1,066.
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