On April 1, 2022, you purchased the bond corporate bonds with a 6.15% annual coupon rate a maturity date of October 1, 2

Business, Finance, Economics, Accounting, Operations Management, Computer Science, Electrical Engineering, Mechanical Engineering, Civil Engineering, Chemical Engineering, Algebra, Precalculus, Statistics and Probabilty, Advanced Math, Physics, Chemistry, Biology, Nursing, Psychology, Certifications, Tests, Prep, and more.
Post Reply
answerhappygod
Site Admin
Posts: 899603
Joined: Mon Aug 02, 2021 8:13 am

On April 1, 2022, you purchased the bond corporate bonds with a 6.15% annual coupon rate a maturity date of October 1, 2

Post by answerhappygod »

On April 1, 2022, you purchased the bond corporate bonds with a
6.15% annual coupon rate a maturity date of October 1, 2037.
Suppose that you paid $89.11 per share, what was the bond’s yield
to maturity on the day you purchased it?
please post excel pictures and explanation
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!
Post Reply