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​(Yield to maturity​) Assume the market price of a 15 year bond for Margaret Inc. is...

​(Yield to maturity​) Assume the market price of a 15 year bond for Margaret Inc. is ​$1,1501and it has a par value of $1,000.

The bond has an annual interest rate of 8​% that is paid semiannually. What is the yield to maturity of the​ bond?

The yield to maturity of the bond is ____%.

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Answer #1

8.00% COUPON RATE YEARS TO MATURITY 30 (years to maturity x 2) NPER 40 (face value x coupon rate)/2 PMT $1,000.00 FACE VALUE

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