What is the yield-to-maturity of a bond maturing in four years with a 4% coupon rate, a $1010 current price and a $1,000 par value
please show work and the original formula used
K = N |
Bond Price =∑ [(Annual Coupon)/(1 + YTM)^k] + Par value/(1 + YTM)^N |
k=1 |
K =4 |
1010 =∑ [(4*1000/100)/(1 + YTM/100)^k] + 1000/(1 + YTM/100)^4 |
k=1 |
YTM% = 3.73 |
What is the yield-to-maturity of a bond maturing in four years with a 4% coupon rate,...
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