A Treasury bond that settles on August 10, 2008, matures on April 15, 2015 The coupon rate is 5 6 percent and the quoted price is 106 17 What is the bond 's yield to maturity Use an actual day count with 365 days per year ...

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A Treasury bond that settles on August 10, 2008, matures on April 15, 2015. The coupon rate

Question:

A Treasury bond that settles on August 10, 2008, matures on April 15, 2015. The rate is 5.6 percent and the quoted price is 106:17. What is the bond's yield to maturity? Use an actual day count with 365 days per year.

Coupon
A coupon or coupon payment is the annual interest rate paid on a bond, expressed as a percentage of the face value and paid from issue date until maturity. Coupons are usually referred to in terms of the coupon rate (the sum of coupons paid in a...