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Harrimon Industries bonds have 5 years left to maturity. Interest is paid annually, and the bonds...

Harrimon Industries bonds have 5 years left to maturity. Interest is paid annually, and the bonds have a $1,000 par value and a coupon rate of 8%.

  1. What is the yield to maturity at a current market price of
    1. $812? Round your answer to two decimal places.

          %

    2. $1,043? Round your answer to two decimal places.

          %

0 0
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Answer #1

B 9 $80 $812 $1,000 13.40% 10 Question a 11 Years to maturity (NPER) 12 Annual payment (PMT) 13 Current price (PV) 14 Par val=C14*8% 812 1000 =RATE(C11,C12,-C13,C14) 9 10 Question a 11 Years to maturity (NPER) 12 Annual payment (PMT) 13 Current price

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