Solved: Find the yield to maturity on the bond, Finance Basics

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Find the yield to maturity on the bond

Problem:

Suppose the following bond quote for the Beta Company appears in the financial page of today's newspaper. Assume the bond has a face value of $1,000 and the current date is April 15, 2009. What is the yield to maturity on this bond?

Coupon: 9.595
Maturity:                   April 15, 2023
Last Price:                     76.915
EST Spread:                    431
UST:    10

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Finance Basics: Find the yield to maturity on the bond

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