Approximate yield to maturity


Columbia Corporation issued a 20-year bond 10 years ago. The bond, which pays $80 interest annually, was issued at par. If the bond is currently selling for $820,

Requirement:

Question: What is the approximate yield to maturity?

Note: Be sure to show how you arrived at your answer.

Request for Solution File

Ask an Expert for Answer!!
Accounting Basics: Approximate yield to maturity
Reference No:- TGS0892435

Expected delivery within 24 Hours