We have the following information about ATT's bonds. Semi-annual coupon rate=0 Par value=$1000 Market price=$460 Time-to...
We have the following information about ATT's bonds.
Semi-annual
coupon rate=0
Par value=$1000
Market price=$460
Time-to-maturity=15 years
What is the YTM on ATT's bonds?
Group of answer choices
5.24%
4.31%
7.22%
1.94%
Homework Answers
Using financial calculator
N=15*2=30
PMT=0
FV=1000
PV=-460
CPT I/Y=2.62%
Hence, yield to maturity=2.62%*2=5.24%
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