A $10,000 par value bond that has a coupon rate of 7.5% (with quarterly payments) and matures exactly 25 years from today is currently selling for $ 9486.30.55. What is this bond's yield to maturity (YTM)? Record your answer as a percent rounded to 2 decimal places , but not include a percent sign with your answer . For example , enter 0.2835987 = 28.35987% as 28.36 .

A $10,000 par value bond that has a coupon rate of 7.5% (with quarterly payments) and matures exactly 25 years from today is currently selling for $ 9486.30.55. What is this bond's yield to maturity (YTM)? Record your answer as a percent rounded to 2 decimal places , but not include a percent sign with your answer . For example , enter 0.2835987 = 28.35987% as 28.36 .

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter6: Fixed-income Securities: Characteristics And Valuation

Section: Chapter Questions

Problem 8P

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