A bond sells for $866.09 and has a coupon rate of 6.40 percent. If the bond...

Question

Question

A bond sells for $866.09 and has a coupon rate of 6.40 percent. If the bond has 14 years until maturity, what is the yield to

Answer 1

Answer #1

COUPON RATE 6.40% YEARS TO MATURITY 14 NPER 28 (years to maturity x 2) PMT 32 (face value x coupon rate)/2 FACE VALUE $1,000.

Answer 2

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