Question: What is the yield - to - maturity ( YTM ) of a 2 0 - year zero - coupon bond with a $ 8

What is the yield-to-maturity (YTM) of a 20-year zero-coupon bond with a $86,000 face value that sells for a market price of $85,000?

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!