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Utilize the following bond amortization schedule, identify what is the annual yield to maturity? A B C D E 1 Yield= 2 Date Interest
Utilize the following bond amortization schedule, identify what is the annual yield to maturity? A B C D E 1 Yield= 2 Date Interest Coupon Amortization Balance 3 4/1/x1 1,060,082 4 10/1/x1 45,053 50,000 4,947 1,05,135 5 4/1/x2 44,843 50,000 5,157 1,049,978 6 10/1/x2 44,624 50,000 5,376 1,044,602 7 4/1/x3 44,396 50,000 5,604 1,038,998 8 10/1/x3 44,157 50,000 5,843 1,033,155 9 4/1/x4 43,909 50,000 6,091 1,027,065 10 10/1/x4 43,650 50,000 6,350 1,020,715 11 4/1/x5 43,380 50,000 6,620 1,014,095 12 10/1/x5 43,099 50,000 6,901 1,007,194 13 4/1/x6 42,806 50,000 7,194 1,000,000 8.50% 10.0% 4.25% 5.00%
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