(Answered) Two years ago ford issuednbsp10 year bonds with a 5 coupon

Finance

Two years ago Ford issued 10 year bonds with a 5% coupon rate (semiannual APR) (i.e. $25 per 6 months).

You manage the Eccles School endowment and your broker is offering you the bonds at $985 each. If you buy them and Ford makes all its payments, what will be your yield to maturity on the investment, stated as an APR?

Answer in percent terms, to at least three digits, i.e. 3.11% = enter 3.11

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