Tangshan Industries has issued a bond which has a $1,000 par value and a 13 percent annual

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Tangshan Industries has issued a bond which has a $1,000 par value and a 13 percent annual coupon interest rate. The bond will mature in ten years and currently sells for $1,250 what is the yield to maturity on the tangshan bond??

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Financial accounting

ISBN: 978-0136108863

8th Edition

Authors: Walter T. Harrison, Charles T. Horngren, William Bill Thomas

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Posted Date: Jan 09, 2021 07:04 AM

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Tangshan Industries has issued a bond which has a $1,000 par value and a 13 percent annual

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Answer Use RATE function in EXCEL to find the yield to maturity RATE... View the full answer

Financial accounting

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