Using the approximate formula for YTM, find the approximate yield to maturity for the following bond with
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Question:
- Using the approximate formula for YTM, find the approximate yield to maturity for the following bond with 10% coupon rate if the market price is given in the table. Show some of your work.
Years to Maturity | Face value | Bond Price | Approx. YTM |
4 | 1000 | 1100 | |
5 | 1000 | 1050 | |
6 | 1000 | 1000 | |
8 | 1000 | 750 |
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