Purchase Solution

YTM Problem

Not what you're looking for?

Ask Custom Question

I have a bond that matures in 10 years and sells for 985. the face value is $1,000 with 7% annual coupon, I know how to get the current yield which is 7.107% and the Yield at the maturity is 7.126% but I don't know how to figure out the price of the bond when the maturity remains constant for three years exactly from today? 4/20/07- 4/20/2010?

Purchase this Solution

Solution Summary

Figure out the price of the bond when the maturity remains constant for three years exactly from today.

Purchase this Solution


Free BrainMass Quizzes
Employee Orientation

Test your knowledge of employee orientation with this fun and informative quiz. This quiz is meant for beginner and advanced students as well as professionals already working in the HR field.

Cost Concepts: Analyzing Costs in Managerial Accounting

This quiz gives students the opportunity to assess their knowledge of cost concepts used in managerial accounting such as opportunity costs, marginal costs, relevant costs and the benefits and relationships that derive from them.

Social Media: Pinterest

This quiz introduces basic concepts of Pinterest social media

Academic Reading and Writing: Critical Thinking

Importance of Critical Thinking

Change and Resistance within Organizations

This quiz intended to help students understand change and resistance in organizations