Guy buys 19 year bond that pays coupon rate 1156 per year


Guy buys 19 year bond that pays coupon rate 11.56% per year 1000 par value. The bond is priced at 1326.92. What is yield to maturity of this bond assuming annual coupon rate. Show work

Solution Preview :

Prepared by a verified Expert
Business Management: Guy buys 19 year bond that pays coupon rate 1156 per year
Reference No:- TGS01622161

Now Priced at $10 (50% Discount)

Recommended (99%)

Rated (4.3/5)