Question
What is the yield to maturity (YTM) of a zero coupon bond with a face value of $1,000, current price of $940 and maturity of
What is the yield to maturity (YTM) of a zero coupon bond with a face value of $1,000, current price of $940 and maturity of 9 years? Recall that the compounding interval is 6 months and the YTM, like all interest rates, is reported on an annualized basis.
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The Handbook Of Fixed Income Securities
Authors: Frank Fabozzi, Steven Mann, Francesco Fabozzi
9th Edition
1260473899, 978-1260473896
