Question
Calculate the yield to maturity on the following bonds. a. A 8 percent coupon (paid semiannually) bond, with a $1,000 face value and 20 years
| Calculate the yield to maturity on the following bonds.
|
| a. | A 8 percent coupon (paid semiannually) bond, with a $1,000 face value and 20 years remaining to maturity. The bond is selling at $885. (Do not round intermediate calculations. Round your answer to 3 decimal places.)
|
| Yield to maturity= | % per year |
| b. | An 5.1 percent coupon (paid quarterly) bond, with a $1,000 face value and 10 years remaining to maturity. The bond is selling at $917. (Do not round intermediate calculations. Round your answer to 3 decimal places.) |
| Yield to maturity= | % per year |
| c. | An 7.1 percent coupon (paid annually) bond, with a $1,000 face value and 8 years remaining to maturity. The bond is selling at $1,067. (Do not round intermediate calculations. Round your answer to 3 decimal places.) |
| Yield to maturity= | % per year |
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The Routledge Handbook Of Financial Literacy
Authors: Gianni Nicolini, Brenda J. Cude
1st Edition
0367457776, 978-0367457778
