Stilley Resources bonds have 20 years left to maturity. Interest is paid annually, and the bonds have a $1,000 par value and a coupon rate of 19.5 percent. Compute If the price of the bond is $1,900, what is the yield to maturity?
Yield to maturity %
Evans Emergency Response bonds have 4 years to maturity. Interest is paid semiannually. The bonds have a $1,400 par value and a coupon rate of 9 percent.
If the price of the bond is $1,089.55, what is the annual yield to maturity?
Yield to maturity %