A bond pays you $1701 10 years from today. Its current price is $1121. What is the yield to maturity on this
bond? (Show your work)
The yield to maturity is :
=( Future value/ current price )^1/n - 1
= ($1701/$1121)^0.1- 1
=4.26%
So, the yield to maturity is 4.26%.
A bond pays you $1701 10 years from today. Its current price is $1121. What is...
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