Heymann Company bonds have 4 years left to maturity. Interest is paid annually, and the bonds have a $1,000 par value and the coupon rate of 9 percent.
What is the yield to maturity at the current market price of $829 or $1,104?© BrainMass Inc. brainmass.com June 3, 2020, 11:02 pm ad1c9bdddf
Using financial calculator:
a) What is the yield to maturity at a current market price of (1) $829?
N = 4, FV (Par ...
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