Bonds current yield based problem


Problem: A bond that matures in 17 years sells for $932. the bond has maturity value of $1,000 and a yield to maturity of 6.17%. interest on the bond is paid semiannually. What's the bond's current yield?

Solution Preview :

Prepared by a verified Expert
Finance Basics: Bonds current yield based problem
Reference No:- TGS02057274

Now Priced at $20 (50% Discount)

Recommended (92%)

Rated (4.4/5)