Yield to Maturity on a Bond
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Suppose the following bond quote for the Beta Company appears in the financial page of today's newspaper. Assume the bond has a face value of $1,000 and the current date is April 15, 2009. What is the yield to maturity on this bond?
Coupon: 9.595
Maturity: April 15, 2023
Last Price: 76.915
EST Spread: 431
UST: 10
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This solution provides the correct answer with explanation to the yield to maturity question presented.
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This can only be answered with a financial calculator due to the variables involved. You can't calculate it by hand. ...
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