Question
You are considering the purchase of a Coupon Bond with a Face Value of $1,000, which matures in eighteen years, and pays 5.65% (annual) coupons.
You are considering the purchase of a Coupon Bond with a Face Value of $1,000, which matures in eighteen years, and pays 5.65% (annual) coupons. If the bond is trading in the market at $1,133.23, what is the Yield-to-Maturity (YTM) on the investment? (The answer is a percent, round your answer to two decimal places, e.g. 4.75)
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Investment Analysis And Portfolio Management
Authors: Frank K. Reilly, Keith C. Brown
6th Edition
003025809X, 978-3540014386
