Explore BrainMass

Explore BrainMass

    bond yield to maturity

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    A bond matures in 12 years, and pays an 8 percent annual coupon. The bond has a face value of $1,000, and currently sells for $985. What is the bond's yield to maturity?

    © BrainMass Inc. brainmass.com June 3, 2020, 9:56 pm ad1c9bdddf