A bond has a 1000 par value ten years to maturity and pays, Ask an Expert

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A bond has a $1,000 par value, ten years to maturity, and pays a coupon of 4.50% per year, semiannually. The bond is callable in five years at 120% of its par value. If the bond’s price is $1,067.32, what is its annual yield to maturity?

1) 3.69% 2) 3.77% 3) 3.54% 4) 3.43% 5) 3.83%

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Financial Management, Finance

Category:- Financial Management
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