A corporation has an outstanding bond with the following characteristics: Coupon interest rate ........... 6.0% Interest payments

Question:

A has an outstanding bond with the following characteristics:
Coupon interest rate ........... 6.0%
Interest payments ............ semiannually
Face value ................. $1,000.00
Years to ............ 8
Current market value ............ $ 902.81
What is the yield to (YTM rd) for this bond?

Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may... Maturity
Maturity is the date on which the life of a transaction or financial instrument ends, after which it must either be renewed, or it will cease to exist. The term is commonly used for deposits, foreign exchange spot, and forward transactions, interest...