Question
What is the yield-to-maturity of a bond with the characteristics below? Settlement date: August 31, 2022 Maturity date: August 31, 2023 Coupon rate: 3.50% Market
What is the yield-to-maturity of a bond with the characteristics below?
Settlement date: August 31, 2022
Maturity date: August 31, 2023
Coupon rate: 3.50%
Market price: 99.00 (per 100 face amount)
Payment frequency: semi-annual
You can solve for I/Y on your financial calculator or use the =Yield function in Excel.
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Financial Management Theory And Practice
Authors: Prasanna Chandra
7th Edition
0070656657, 978-0070656659
