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?
Maturity: April 15, 2023
Last Price: 76.915
EST Spread: 431
This can only be answered with a financial calculator due to the variables involved. You can't calculate it by hand. ...
This solution provides the correct answer with explanation to the yield to maturity question presented.