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USE TI 83/84 CALCULATOR ABC Corp. issued 15-year bonds with a par value of $1,000 2...

USE TI 83/84 CALCULATOR

ABC Corp. issued 15-year bonds with a par value of $1,000 2 years ago at a coupon rate of 5.9 percent. The bonds make semiannual payments. If these bonds currently sell for $1,050, what is the YTM?

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Answer #1

Pmt Nper Pv payment Number of periods Presnt value Face value YTM Rate If it is semiannual coupon Nper (15-2=13*2) Pmt 1000*0

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