In 1998, Fischer Corp issued bonds with a coupon rate of 8 percent and a face value of $1,000. The bonds mature on March 1, 2023. If an investor purchased one of these bonds on March 1, 2008, determine the yield to maturity if the investor paid $1,050 for the bond.

Answer rating: 100% (QA)

calculate the yield to maturity YTM we need to use the present value formula and solve for the disco... View the full answer