John is planning to invest $10,000 in a bond that pays an annual coupon rate of 5%
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John is planning to invest $10,000 in a bond that pays an annual coupon rate of 5% for a period of 5 years. The bond has a face value of $10,000 and is currently selling at $9,500. If John plans to hold the bond until maturity, what will be his yield to maturity (YTM)?
Related Book For
Introduction To Corporate Finance
ISBN: 9781118300763
3rd Edition
Authors: Laurence Booth, Sean Cleary
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