A particular bond has 8 years to maturity. It has a face value of $1,000

A particular bond has 8 years to maturity. It has a face value of $1,000

Question # 00207648 Posted By: jia_andy Updated on: 02/26/2016 12:26 PM Due on: 07/14/2016
Subject Finance Topic Finance Tutorials:
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A particular bond has 8 years to maturity. It has a face value of $1,000. It has a YTM of 7% and the coupons are paid semiannually at a 10% annual rate. What does the bond currently sell for?

A bond currently sells for $1,030 even though it has a par of $1,000. It was issued two years ago and had a maturity of 10 years. The coupon rate is 7% and the interest payments are made semiannually. What is its YTM?

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  1. jia_andy
    Tutorial # 00202598 Posted By: jia_andy Posted on: 02/26/2016 12:27 PM
    Puchased By: 4
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    8 X 2 = 16Use the excel formula ...
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