Answer 1
Yield To Maturity(YTM) = (interest per period+ ((Redemption price - Current market price) / life remaining to maturity)) / ((.4*Redemption price)+ (.6*Current market price))
= ((1000*10%)+((1000-818)/6))/(.4*1000+.6*818)
= (100+30.3333333333)/890.8
= 130.333333333/890.8
= 0.14631043257
= 14.63%
Answer 2
Yield To Maturity(YTM) = (interest per period+ ((Redemption price - Current market price) / life remaining to maturity)) / ((.4*Redemption price)+ (.6*Current market price))
= ((1000*10%)+((1000-1205)/6))/(.4*1000+.6*1205)
= (100-34.1666666667)/1123
= 65.8333333333/1123
= 0.05862273671
= 5.86%
Yield to maturity 6 years left to maturity. Interest is paid annually, and the bonds have...
Harrimon Industries bonds have 5 years left to maturity. Interest is paid annually, and the bonds have a $1,000 par value and a coupon rate of 8%. What is the yield to maturity at a current market price of $812? Round your answer to two decimal places. % $1,043? Round your answer to two decimal places. %
Harrimon Industries bonds have 4 years left to maturity. Interest is paid annually, and the bonds have a $1,000 par value and a coupon rate of 10%. What is the yield to maturity at a current market price of $897? Round your answer to two decimal places. % $1,155? Round your answer to two decimal places.
Yield to maturity Harrimon Industries bonds have 6 years left to maturity. Interest is paid annually, and the bonds have a $1,000 par value and a coupon rate of 8%. What is the yield to maturity at a current market price of $741? Round your answer to two decimal places. % $1,060? Round your answer to two decimal places. % Would you pay $741 for each bond if you thought that a "fair" market interest rate for such bonds was...
Harrimon Industries bonds have 4 years left to maturity. Interest is paid annually, and the bonds have a $1,000 par value and a coupon rate of 8%. a. What is the yield to maturity at a current market price of 1. $816? Round your answer to two decimal places. 0% 2. $1,066? Round your answer to two decimal places.
Yield to maturity Harrimon Industries bonds have 4 years left to maturity. Interest is paid annually, and the bonds have a $1,000 par value and a coupon rate of 10%. What is the yield to maturity at a current market price of $884? Round your answer to two decimal places. % $1,147? Round your answer to two decimal places. % Would you pay $884 for each bond if you thought that a "fair" market interest rate for such bonds was...
The Brownstone Corporation's bonds have 5 years remaining to maturity. Interest is paid annually, the bonds have a $1,000 par value, and the coupon interest rate is 9%. What is the yield to maturity at a current market price of $824? Round your answer to two decimal places. What is the yield to maturity at a current market price of $1,093? Round your answer to two decimal places.
The Brownstone Corporation's bonds have 5 years remaining to maturity. Interest is paid annually, the bonds have a $1,000 par value, and the coupon interest rate is 9%. What is the yield to maturity at a current market price of $831? Round your answer to two decimal places. % What is the yield to maturity at a current market price of $1,104? Round your answer to two decimal places.
7.9 Harrimon Industries bonds have 6 years left to maturity. Interest is paid annually, and the bonds have a $1,000 par value and a coupon rate of 10%. What is the yield to maturity at a current market price of $829? Round your answer to two decimal places. % $1,199? Round your answer to two decimal places. % Would you pay $829 for each bond if you thought that a "fair" market interest rate for such bonds was 13%—that is,...
Harrimon Industries bonds have 5 years left to maturity. Interest is paid annually, and the bonds have a $1,000 par value and a coupon rate of 9%. What is the yield to maturity at a current market price of $822? Round your answer to two decimal places. % $1,120? Round your answer to two decimal places. % Would you pay $822 for each bond if you thought that a "fair" market interest rate for such bonds was 13%-that is, if...
Harrimon Industries bonds have 4 years left to maturity. Interest is paid annually, and the bonds have a $1,000 par value and a coupon rate of 8%. What is the yield to maturity at a current market price of $837? Round your answer to two decimal places. % $1,074? Round your answer to two decimal places. % Would you pay $837 for each bond if you thought that a "fair" market interest rate for such bonds was 13%-that is, if...