Assume to buy a bond at 95.55% of the face value. The bond pays out a 3.5%
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Question:
Assume to buy a bond at 95.55% of the face value. The bond pays out a 3.5% annual coupon rate and it will be redeemed in five years.
Find the yield to maturity (i.e., the rate of return in the event you will hold the bond till maturity).
Related Book For
Foundations of Financial Management
ISBN: 978-1259024979
10th Canadian edition
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta
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