Promised yield on bond


A zero-coupon bond that matures in 15 years is currently selling for $209 per $1,000 par value. What is the promised yield on this bond?

Solution Preview :

Prepared by a verified Expert
Finance Basics: Promised yield on bond
Reference No:- TGS0670727

Now Priced at $5 (50% Discount)

Recommended (95%)

Rated (4.7/5)