Question
What is the yield to maturity( stated as an annual rate comounded semi- annually ) of a ten- year, $1000 bond with a 5.2% coupon
What is the yield to maturity( stated as an annual rate comounded semi- annually ) of a ten- year, $1000 bond with a 5.2% coupon rate and semiannual coupons if this bond is currently trading for a price of $884? THE ANSWER IF 6.82% BUT PLEASE SHOW WORK IN WRITING AND ALSO EXCEL PLEASE SINCE I AM CONFUSED ON THE FORMULAS
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Personal Financial Planning
Authors: Lawrence J. Gitman, Michael D. Joehnk
11th Edition
0324422865, 978-0324422863
