Dan is considering the purchase of Super Technology, Inc. bonds that were issued 6 years ago. When the bonds were originally sold they had a 24-year maturity and a 8.25 percent coupon interest rate, paid annually. The bond is currently selling for $883. Par value of the bond is $1,000. What is the yield to maturity on the bonds if you purchased the bond today?

Answer rating: 100% (QA)

To calculate the yield to maturity YTM of the bond you can use the following formula YTM C fracF PNF ... View the full answer