IDNLearn.com provides a collaborative environment for finding and sharing knowledge. Get accurate and comprehensive answers to your questions from our community of knowledgeable professionals.

You are investing in a company's bonds that pay coupons semiannually at an annual coupon rate of 8%. The bonds have a par value of $1,000 and mature in 10 years. If the current price of the bond is $882, what is the percentage (%) yield to maturity on these bonds?
Note: Write your answer in % terms with 2 or more decimal places. For example, write 2.54 (%) insteâd of 0.0254 .


Sagot :

Thank you for being part of this discussion. Keep exploring, asking questions, and sharing your insights with the community. Together, we can find the best solutions. IDNLearn.com provides the best answers to your questions. Thank you for visiting, and come back soon for more helpful information.