G
Gary
A bond has a $1,000 par value, 12% coupon rate, interest on the bond is paid
annually, the current yield to maturity on the bond is 6%, and the maturity
of the bond is 10 years.
I'm having problems with the formula to compute the following:
1. What is the value of the bond?
2. What is the current yield on the bond?
annually, the current yield to maturity on the bond is 6%, and the maturity
of the bond is 10 years.
I'm having problems with the formula to compute the following:
1. What is the value of the bond?
2. What is the current yield on the bond?