Question
Instructor's note: Answer the following question using MS-Excel. Make sure you use list all variables necessary and show all work. An investor just purchased a
Instructor's note: Answer the following question using MS-Excel. Make sure you use list all variables necessary and show all work.
An investor just purchased a $1,000 face value bond issued by ABC Corporation for $1,282.71 cash. The bond has 25 years remaining until maturity and pays interest semi-annually at a coupon rate of 8.50%. Based on this transaction, what will the investors yield to maturity (YTM) be on this bond?
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Advanced Accounting
Authors: Floyd A. Beams, Joseph H. Anthony, Bruce Bettinghaus, Kenneth Smith
11th Edition
978-0132568968, 9780132568968
