Yield to Maturity for Annual Payments Wilson Wonders' bonds have 15 years remaining to maturity. Interest...
Yield to Maturity for Annual Payments
Wilson Wonders' bonds have 15 years remaining to maturity. Interest is paid annually, the bonds have a $1,000 par value, and the coupon interest rate is 12%. The bonds sell at a price of $1,100. What is their yield to maturity? Round your answer to two decimal places.
______%
Homework Answers
Yield to maturity will be the same as the coupon rate when the face value of bond is equal to the current market price.
Thus the answer is 12.00%
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Yield to Maturity for Annual Payments Wilson Wonders' bonds have 15 years remaining to maturity. Interest...
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