Question: Procter & Gamble issued 2 0 - year bonds. The coupon rate on these bonds is 9 . 6 percent. The bonds make semiannual coupon
Procter & Gamble issued year bonds. The coupon rate on these bonds is percent. The bonds make semiannual coupon payments. Today you can buy each of these bonds for $
Calculate the yield to maturity.
In this problem, the yield to maturity is solved the easiest using the financial calculator. I will need to use Select Select for Nnumber of coupons and Select Select for PMTcoupon
In this problem, my numerical answer for the yield to maturity is Select Select Select Select Increase decimal places for any intermediate calculations, from the default to or higher. Only round your final answer to TWO decimal places: for example,
Also, this bond is known as
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