What is its approximate yield to maturity


Problem:

A ten-year bond pays 11% interest on a $1000 face value annually. If it currently sells for $1,195, what is its approximate yield to maturity?

Solution Preview :

Prepared by a verified Expert
Finance Basics: What is its approximate yield to maturity
Reference No:- TGS02057193

Now Priced at $20 (50% Discount)

Recommended (91%)

Rated (4.3/5)