You are purchasing a bond that currently sold for $985.63. it has the time-to-maturity of 10 years

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You are purchasing a bond that currently sold for $985.63. it has the time-to-maturity of 10 years and a coupon rate of 6%, paid semi-annually. The bond can be called for $1,020 in 3 years. What is the yield to maturity of this bond?Round to the nearest hundredth percent.

Posted Date: May 18, 2024 11:06 AM

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You are purchasing a bond that currently sold for $985.63. it has the time-to-maturity of 10 years

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