CR =8.5%, 20-year bond, bond price = 1075, find Yield to maturity How do I get...

Question

Question

CR =8.5%, 20-year bond, bond price = 1075, find Yield to maturity

How do I get the answer with a BA II plus Texas instruments

Answer 1

Answer #1

Calculate for I/Y, punch in the following:

N=20

PMT=8.5%*1000 =85

PV= -1075

FV =1000

The answer will be 7.75%

Answer 2

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