Yield to maturity and purchasing


Question: I am confused about purchasing a 10% bond and my broker keeps saying it has a 9% yield to maturity. Can you explain this for me?

Solution Preview :

Prepared by a verified Expert
Finance Basics: Yield to maturity and purchasing
Reference No:- TGS01819970

Now Priced at $20 (50% Discount)

Recommended (98%)

Rated (4.3/5)