A Company ABC issued a bond with a par value of $1,200 with 12 years to maturity.

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A Company ABC issued a bond with a par value of $1,200 with 12 years to maturity. The bond pays $65 per year in interest ( interest payments). The bond is selling for $820. Calculate the approximate yield to maturity?

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Bank Management and Financial Services

ISBN: 978-0078034671

9th edition

Authors: Peter Rose, Sylvia Hudgins

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Posted Date: May 12, 2024 08:31 AM

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A Company ABC issued a bond with a par value of $1,200 with 12 years to maturity.

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To calculate the approximate yield to maturity YTM for a bond we need to use the bonds current marke... View the full answer

Bank Management and Financial Services

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