You just purchased a bond that matures in 5 years. The bond has a face value of
Fantastic news! We've Found the answer you've been seeking!
Question:
You just purchased a bond that matures in 5 years. The bond has a face value of $1,000 and has an 8% annual coupon. The bond has a current yield of 8.21%. What is the bonds yield to maturity?
Posted Date: