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samualson samualson
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5 years ago
Graystone bonds have a maturity value of $1,000. The bonds carry a coupon rate of 12 percent. Interest is paid semiannually. The bonds will mature in nine years. If the current market price is $976.50,
a.what is the yield to maturity on the bond?
b.what is the current yield on the bond?
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Marc18Marc18
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5 years ago
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samualson Author
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#2
5 years ago
Thank you for being such a great website leader! Your answer's right.
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