Question
Can somebody please show me how to set this up on a financial calculator? What is the coupon rate of a five year, $5000 bond
Can somebody please show me how to set this up on a financial calculator?
What is the coupon rate of a five year, $5000 bond with semiannual coupons and a price of $4517.11, if it has a yield to maturity of 6.7%? Answer is 6.153% but how?
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Essentials of Investments
Authors: Zvi Bodie, Alex Kane, Alan J. Marcus
10th edition
77835425, 978-0077835422
