Zota Inc. has a bond issue outstanding with 8 years remaining to maturity, a coupon rate of 10% with interest paid annually, and a par value of $1000.
If the current market price of the bond is $814.45, what is the bond's yield to maturity?© BrainMass Inc. brainmass.com June 3, 2020, 9:10 pm ad1c9bdddf
In a financial calculator, we input:
FV = 1000
This solution calculates a bond's yield to maturity if the market price of the bond is $814.45.