contestada

Collingwood Homes has a bond issue outstanding that pays an 8.5 percent coupon and has a yield to maturity of 9.16%. The bonds have a par value of $1,000 and a market price of $944.30. Interest is paid semiannually. How many years until the bond matures

Respuesta :

Answer: 9.16%

Explanation:

N=33; PV=-944.3; PMT=42.5; FV=1000 Solve for I

I= 4.58 then times 2 will give you 9.16%

Otras preguntas