NickKunDolli NickKunDolli

15-03-2017
Mathematics

contestada

John wong purchased a five-year bond today at $1,034.66. the bond pays 6.5 percent semiannually. what will be his yield to maturity?

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Aliwohaish12 Aliwohaish12

15-03-2017

Use this formula
Price of Bond = [C [1 - (1+r)^-2t] / r] + [F / (1+r)^2t]
The answer 5.7%

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