Question

You own a bond that pays $40 in interest semi-annually. The face value is $1,000 and...

You own a bond that pays $40 in interest semi-annually. The face value is $1,000 and the current market price is $1,200. The bond matures in 11 years. What is the yield to maturity?

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

H24 fx =RATE(H14,H16,-H20, H18)*2 7 YTM 00 Semi Annually : COUPON RATE 8.00% 12 YEARS TO MATURITY 14 NPER 22 (years to maturi

Add a comment
Know the answer?
Add Answer to:
You own a bond that pays $40 in interest semi-annually. The face value is $1,000 and...
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