Question: What is the yield to maturity on a 4-year zero coupon bond with face value 100 and price equal to 95? A. 100/95 -1 B.
What is the yield to maturity on a 4-year zero coupon bond with face value 100 and price equal to 95? A. 100/95 -1 B. 95/100 -1 C. (100/95)^(4) -1 D. (100/95)^(0.25) -1
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
