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johnpaech johnpaech
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Posts: 1098
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5 years ago
Suppose a five- year bond with a 7% coupon rate and semiannual compounding is trading for a price of $951.58. Expressed as an APR with semiannual compounding, this bonds yield to maturity (YTM) is closest to:
A) 7.0%
B) 7.5%
C) 7.8%
D) 8.2%
Textbook 
Corporate Finance: The Core

Corporate Finance: The Core


Edition: 4th
Authors:
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wrote...
5 years ago
D
Explanation:  D) PMT = 35, FV = 1000, PV = -951.58, N = 10, Compute I = 4.099949 × 2 = 8.199898%
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