(SOLVED) A 30 year maturity bond with 1 000 face value makes annual


Question Description:

$19

A 30-year maturity bond with $1,000 face value makes annual coupon payments and has a coupon rate of 8%. What is the bond’s yield to maturity if the bond is selling for
a. $900?
b. $1,000?
c. $1,100?

Answer

$19