Question: Please show how to solve in simplest way with work, if needed excel is acceptable: A 6.25% semi-annual coupon bond, with 20 years until maturity
Please show how to solve in simplest way with work, if needed excel is acceptable:
A 6.25% semi-annual coupon bond, with 20 years until maturity is currently trending at $1.017 . If the bond has a par value of $1,000 what is the yield-to-maturity? a.) 6.10% b.) 6.59% c.) 5.32% d.) 7.31% e.) 7.90%
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