Using your Calculator - calculate the bond equivilent yield of this bond (quoted rate): Answer should...
Using your Calculator - calculate the bond equivilent yield of
this bond (quoted rate):
Answer should be in 3 decimal places and whole numbers: ex: 6.125
not 6.125% or 0.06125
Price $89.5
Coupon: 5.5%
Maturity Date: 9/15/2026
Today's Date: 9/15/2018
Compounding/Payments: Semi-Annual
Homework Answers
Using financial calculator
PV=-89.5
FV=100
PMT=5.5%*100/2=2.75
N=(2026-2018)*2=16
CPT I/Y=3.625%
Hence, bond equivalent yield=3.625%*2=7.25%
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Using your Calculator - calculate the bond equivilent yield of
this bond (quoted rate):
Answer should...
calculate the bond equivilent yield of this bond (quoted rate): Answer should be in 3 decimal...
calculate the bond equivilent yield of this bond (quoted rate): Answer should be in 3 decimal places and whole numbers: ex: 6.125 not 6.125% or 0.06125 Price $89.5 Coupon: 5.5% Maturity Date: 9/15/2026 Today's Date: 9/15/2018 Compounding/Payments: Semi-Annual
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