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How do you calculate yield to maturity of a bond issued, modified duration and duration? And how do you calculate value when its yield is
How do you calculate yield to maturity of a bond issued, modified duration and duration? And how do you calculate value when its yield is at 5%.
If these are the variables associated with the bond..
Amount 125 Million
Issue Price 99.731%
Date 2/24/2014
Settlement Date 2/24/2014
Maturity 2/24/2021
Annual Coupon 5.5%
Yearly Installment 2/24
1st Payment 2/24/2015
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