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Please help me solve this practice question so I can study and I need exact answers please- no rounding. Thanks! Coupon payment = 6.4%*1000=$64 r=YTM=
Please help me solve this practice question so I can study and I need exact answers please- no rounding. Thanks!
Coupon payment = 6.4%*1000=$64
r=YTM= 0.0572
FV=1000
n= (20-4)=16 payments
PV = $64 * [ 1- (1.0572)^ -16] / 0.0572 + 1000/ (1.0572)^16
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