On December 1, 2007 the Forrest Company issued bonds having a face value of $1,000, each maturing in 30 years and having a coupon rate of 6% per annum, paid semi-annually. On December 1, 2013 the bonds traded at a price of $1,199.65. What will the bonds yield to maturity if purchased on December 1, 2013

Answer rating: 100% (QA)

To calculate the yield to maturity YTM of the bonds purchased on De... View the full answer