Elliotrsquos bond currently sell for kshs 11500 have an 11, Ask an Expert

Finance

Elliot’s bond currently sell for Kshs 11,500, have an 11% coupon interest rate and a Kshs 10,000 par value, pay interest annually, and have 18 years to maturity.

Required:

(i) Calculate the bond’s YTM (ii) Compare YTM in (i) above to bond’s current price and it’s par value to explain this difference

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92855967

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