Find the bond yield to maturity


You just purchased a bond that matures in 4 years. The bond has a face value of $1,000 and has an 9% annual coupon. The bond has a current yield of 7.63%. What is the bond's yield to maturity? Round your answer to two decimal places.

Request for Solution File

Ask an Expert for Answer!!
Accounting Basics: Find the bond yield to maturity
Reference No:- TGS049446

Expected delivery within 24 Hours