In 2010, My Company issued bonds that will mature in 10 years.They have face value of $1000
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Question:
In 2010, My Company issued bonds that will mature in 10 years.They have face value of $1000 and a coupon rate of 6.0%pa paid semi-annually. Exactly 4 years later the bonds are trading at a price of $1,041. What is the current market yield for these bonds [Remember: Give your answer as an Annual Nominal Rate, as a percentage without % included to 2 decimal places]
please tell me the whole process, thank you .
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