You are interested in purchasing a bond from Exam Solutions . The bond had a 30 year maturity when it was issued, which was 10 years ago. Its face value was $1,000 . The bond pays semi- annual interest at an 8% coupon rate. The bond currently trades at a price of $950 , what is the YTM

Answer rating: 100% (QA)

To calculate the Yield to Maturity YTM of a bond we need to find the discount rate that equates the present value of all future cash flows coupon paym... View the full answer