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What is the yield to maturity of a $1000 par value bond with a-(Answered)

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What is the yield to maturity of a $1000 par value bond with a 12.5 % annual coupon and 28 years to maturity and a 1214 price?


What is the yield to maturity of a $1000 par value bond with a 12.5 % annual coupon and 28

 

years to maturity and a 1214 price?

 

Par value =$1,000

 

Coupon=12.5%

 

N=28 years

 

Market price =$1,214

 

Annual...

 

Paper#9255699 | Written in 27-Jul-2016

Price : $16
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