Evans emergency response bonds have 5 years to maturity, Financial Management

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Evans emergency response bonds have 5 years to maturity

Evans Emergency Response bonds have 5 years to maturity. Interest is paid semi annually. The bonds have a $1,000 par value and a coupon rate of 9 percent.

If the price of the bond is $1,085.55, what is the annual yield to maturity? (Do not round intermediate calculations. Input your answer as a percent rounded to 2 decimal places.)

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Financial Management: Evans emergency response bonds have 5 years to maturity

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Financial Management: Evans emergency response bonds have 5 years to maturity

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