Question

What is the yield of the following bond if interest​ (coupon) is paid annual​ly? ​(Round to...

What is the yield of the following bond if interest​ (coupon) is paid annual​ly? ​(Round to two decimal​ places.)

Par Value: $1,000

Coupon Rate:

6% Years to Maturity:

10 Yield to Maturity:?

Price: $850.00

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

Coupon = 0.06 * 1000 = 60

Yield = 8.26%

Keys to use in a financial calculator:

FV 1000

PMT 60

PV -850

N 10

CPT I/Y

Add a comment
Know the answer?
Add Answer to:
What is the yield of the following bond if interest​ (coupon) is paid annual​ly? ​(Round to...
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