The bonds issued by Jordache Jewellers bear a 7.5% coupon, payable semiannually. The bonds mature is 13 years and have a $1,000 face value. Currently, the bonds sell at par. What is the yield to maturity?© BrainMass Inc. brainmass.com June 3, 2020, 9:15 pm ad1c9bdddf
FV = 1000
The payment per period (6 months) = 1000 * 7.5% / ...
This solution calculates the yield to maturity of the bonds of Jordache Jewellers.