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 if it is compounded semi-annually? How would you calculate this on a financial calculator?
Coupon - 9.595
Maturity - April 15, 2023
Last Price - 76.915
EST Spread - 431
UST – 10