Question
Can you solve it in this format? N = (15 year duration)(semi-annual) = 30 PMT = ($1000) / (semi-annual) * 7% CR = $35 I
Can you solve it in this format?
N = (15 year duration)(semi-annual) = 30
PMT = ($1000) / (semi-annual) * 7% CR = $35
I = (9% market interest) / (semi-annual) = 4.5
PV = $837.11 (how much its worth now)
FV = $1000
So I can solve it with the finance calculator
Consider a 30 year bond that pays 8% semi-annual coupon rate, quoted at 108.25, what's the annualized yield to maturityStep by Step Solution
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Business Analysis And Valuation Using Financial Statements
Authors: Krishna G Palepu, Paul M Healy
4th Edition
032430286X, 9780324302868
