Question

The $1,000 face value bonds of Universe International have coupon of 5 percent and pay interest...

The $1,000 face value bonds of Universe International have coupon of 5 percent and pay interest semiannually. Currently, the bonds are quoted at 108 and mature in 12 years. What is the yield to maturity?

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

COUPON RATE 5.00% YEARS TO MATURITY 12 NPER 24 (years to maturity x 2) PMT 25 (face value x coupon rate)/2 FACE VALUE $1,000.

Add a comment
Know the answer?
Add Answer to:
The $1,000 face value bonds of Universe International have coupon of 5 percent and pay interest...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
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