A Tesla coupon bond with a face value of $1,000 has a coupon rate of 6% with annual coupons and it will mature in 7 year
Posted: Fri Jul 01, 2022 7:47 am
A Tesla coupon bond with a face value of $1,000 has a couponrate of 6% with annual coupons and it will mature in 7 years. If itis currently trading at $1,045.4, what is its yield-to-maturity?Round to the tenth of a percent (e.g., 4.32% = 4.3) [Hint: UseExcel's "rate" function as explained in the text. Make sure you setthe cell to show decimal places.]