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A 5.75 percent coupon bond with 20 years left to maturity is offered for sale at...

A 5.75 percent coupon bond with 20 years left to maturity is offered for sale at $1,045.25. What yield to maturity is the bond offering? (Assume interest payments are semiannual.) (Round your answer to 2 decimal places.)

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Answer #1

COUPON RATE 5.75% YEARS TO MATURITY 20 NPER 40 (years to maturity x 2) PMT 28.75 (face value x coupon rate)/2 FACE VALUE $1,0

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