# Current Yield and YTM

I have completed the problem but would appreciate it if someone could check my work. Thanks

9. Bonds of XYZ Corp. with a par value of $1,000 sell for $950, mature in 8 years, and have a 9% annual coupon rate paid semiannually. I used Excel for the YTM.

Thanks

Calculate the:

i. Current yield

$90 / 950 = 9.47

ii. Yield to maturity to the nearest whole percent.

YIELD("04/01/2000","04/01/2009",0.09,95,100,2)

= 9.85% or 10%

https://brainmass.com/economics/finance/current-yield-ytm-269178

#### Solution Preview

9. Bonds of XYZ Corp. with a par value of $1,000 sell for $950, mature in 8 years, and have a 9% annual coupon rate paid semiannually. I used Excel for the YTM. ...

#### Solution Summary

This solution is comprised of a detailed explanation to calculate current yield and YTM.

$2.19