Find the yield to maturity of a 15-year, 9%, $1,000 par value semiannual bond trading at...

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Find the yield to maturity of a 15-year, 9%, $1,000 par value semiannual bond trading at...

Find the yield to maturity of a 15-year, 9%, $1,000 par value semiannual bond trading at a price of $850. What's the current yield on this bond? Round the answers to two decimal places.

Yield to maturity _______%

Current yield ________%

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Answer 1

Answer #1

C12 r fix =c1*C2/C5*-1 : x A A Face value (FV) B $ 1,000 9.00% 3 B Coupon rate Number of compounding periods per C year AxB/C

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Find the yield to maturity of a 15-year, 9%, $1,000 par value semiannual bond trading at...