Question

LKD Co. has 12 percent coupon bonds with a YTM of 8.5 percent. The current yield...

LKD Co. has 12 percent coupon bonds with a YTM of 8.5 percent. The current yield on these bonds is 9.4 percent. How many years do these bonds have left until they mature? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

Years until Maturity ____

0 0
Add a comment Improve this question Transcribed image text
✔ Recommended Answer
Answer #1

COUPON RATE 12.00% PMT 60 FACE VALUE $1,000.00 YIELD 8.50% RATE = YIELD/2 = 4.25% PRICE = PV = $1,276.60 [120/0.094] NPER = 2

Add a comment
Know the answer?
Add Answer to:
LKD Co. has 12 percent coupon bonds with a YTM of 8.5 percent. The current yield...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Similar Homework Help Questions
ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT