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Please find the yield-to-maturity (YTM) of the following bond of IOU Corp. These are the IOU Corp bond characteristics: -20 years left until maturity -A
Please find the yield-to-maturity (YTM) of the following bond of IOU Corp. These are the IOU Corp bond characteristics: -20 years left until maturity -A par value of $1,000 which will be paid at maturity -A current market price of $880 -Coupons of $60 per year, paid annually (thus, 20 coupons remaining) What is the yield-to-maturity (YTM) of the above IOU Corp. bond?
3.57%
5.72%
6.00%
7.15%
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