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Show your work, 1. The fieldstone flooring company series A bonds have 5 years to maturity. Interest rate is paid annuary; the bonds have a
Show your work,
1. The fieldstone flooring company series A bonds have 5 years to maturity. Interest rate is paid annuary; the bonds have a $1,000 par value; and the coupon rate is 9 %.
a) what is the yeild to maturity, at a curerent market price of $829 ?
b) whta us the yeild to maturity at a market price of $1,104?
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