What is the bond's yield to maturity?

Business & Finance
Tutor: None Selected Time limit: 1 Day

Decor Interiors has an outstanding bond with a $1000 maturity value and a 5.5 percent coupon rate of interest that was issued 20 years ago.  Interest is paid semiannually.  The bond, which matures in five years, is currently selling $1022.  What is the bond's yield to maturity?

Apr 2nd, 2015

Market price $1,022.00
Par value $1,000.00
N (years to maturity) 5
Interest 5.50%
Frequency 2
N(Years) 5
YTM 2.50%

Apr 2nd, 2015

Are you studying on the go? Check out our FREE app and post questions on the fly!
Download on the
App Store
...
Apr 2nd, 2015
...
Apr 2nd, 2015
Dec 9th, 2016
check_circle
Mark as Final Answer
check_circle
Unmark as Final Answer
check_circle
Final Answer

Secure Information

Content will be erased after question is completed.

check_circle
Final Answer