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How do I calculate the current price of the bond to eventually get to 10.65% which the amswer? I'm using a TI 84 so how
How do I calculate the current price of the bond to eventually get to 10.65% which the amswer? I'm using a TI 84 so how would i type it in on there instead of excel?
3) A coupon bond pays annual interest, has a par value of $1,000, matures in four years, has coupon rate of 10%, and has a yield to maturity of 12%. The current yield on this bond is A) 10.65%. B) 10.45%. C) 10.95%. D) 10.52%. E) None of the options are correct Step by Step Solution
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