Bonds issued by the Coleman Manufacturing Company have a par value of $1:000, which of course is also the amount of principal to be paid at maturity. The bonds are currently selling for $690. They have 10 years remaining to maturity. The annual interest payment is 13 percent ($130). Compute the yield to maturity.

Answer rating: 100% (QA)

The Yield to Maturity YTM is the annual rate of return that is earned on the ... View the full answer