What is yield to maturity of the bond

Assignment Help Financial Management

Reference no: EM131524125

A bond sells for $894.17 and has a coupon rate of 6.20 percent. If the bond has 13 years until maturity, what is the yield to maturity of the bond? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places. Omit the "%" sign in your response.)

Yield to maturity %

Reference no: EM131524125

Questions Cloud

What steps would you take to close the gap : what steps would you take (within your control) to close the gap between the level of service passengers expect and the level they have been receiving?

Maximum price that you should be willing to pay for bond : what is the maximum price that you should be willing to pay for this bond?

Monopolistic competition or a differentiated oligopoly : Short essay identifying and describing the conditions you observed for a business in Monopolistic Competition or a Differentiated Oligopoly who differentiates.

How do we know when to stop making assessments : When we assess our subjective probabilities, we are building a model of the uncertainty we face. If we face a range-of-risk problem.

What is yield to maturity of the bond : A bond sells for $894.17 and has a coupon rate of 6.20 percent. If the bond has 13 years until maturity, what is the yield to maturity of the bond?

What annual rate of return will you earn : At the end of four years (immediately after the fourth dividend payment), you will sell your stock at $60 per share. What annual rate of return will you earn?

Apple engage in related diversification : To what extent does Apple engage in related diversification? To what extent do they engage in unrelated diversification?

The bonds make semi-annual payments and currently sell : The bonds make semi-annual payments and currently sell for 105.09% of par. What is the current yield?

How your approach would work using the umbrella problem : Most of us have a hard time assessing probabilities with much precision. For instance, in assessing the probability of rain tomorrow.

User Account

All Pages