Stilley Resources bonds have 4 years left to maturity Interest is paid annually, and the bonds have a $1,000 par value and a coupon rate of 5 percent If the price of the bond is $841 51, what is the yield to maturity ...

Stilley Resources bonds have 4 years left to maturity. Interest is paid annually, and the bonds have

Question:

Stilley Resources bonds have 4 years left to maturity. Interest is paid annually, and the bonds have a $1,000 and a rate of 5 percent. If the price of the bond is $841.51, what is the yield to maturity?

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... Par Value
Par value is the face value of a bond. Par value is important for a bond or fixed-income instrument because it determines its maturity value as well as the dollar value of coupon payments. The market price of a bond may be above or below par,...