Sailfish Corp has a bond issue outstanding that pays a $5\mathrm{.}85$ percent coupon and matures in $5$ years. The bonds have a par value of $$1,000$ and a market price of $$878\mathrm{.}10.$ Interest is paid semiannually. What is the yield to maturity?

Answer rating: 100% (QA)

To calculate the yield to maturity YTM of the bond we can use the followi... View the full answer