Question
Please show the following using a financial calculator. Thank you! Consider a coupon bond that has a par value of $1,200 and a coupon rate
Please show the following using a financial calculator. Thank you!
Consider a coupon bond that has a par value of $1,200 and a coupon rate of 8%.
The bond is currently selling for $1,244.00 and has 2 years to maturity. What is the bond's yield to maturity (YTM)?
The yield to maturity is ______%.
(Round your response to one decimal place.)
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Handbook Of Asset And Liability Management Volume 2
Authors: S. A. Zenios, W. T. Ziemba
1st Edition
0444528024, 978-0444528025
