Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. a bond that currently sells for $808.25 has 25 yea

A bond that currently sells for $808.25 has 25 years to maturity and pays a...

50.1K

Verified Solution

Question

Finance

A bond that currently sells for $808.25 has 25 years to maturity and pays a 4.5% coupon annually. What is this bonds YTM? Hint: The correct answer rounds to either .00 or .50.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Biology
1.2K views

name at least one ecosystem capital/ instrumental value aspect of these ecosystems: deserts mountains (rocks and wadis) palm forest ghaf...

Biology
1.2K views

a) In three sentences, describe the process of fertilization in humans. b) What prevents polyspermy?

Physics
1.2K views

Charlie kicks a soccer ball up a small incline. On the way up, ball’s acceleration has...

Psychology
1.2K views

Mothers Against Drunk Driving (MADD) is the nation's largest non-profit working to protect families from drunk...

Mechanical Engineering
1.2K views

What is composite? Explain comparison between metal matrix and ceramic matrix composit

Mechanical Engineering
1.2K views

Create a structure array that contains the following information fields concerning the road bridges in...

Economics
1.2K views

1. The demand curve for the Magic 8-Ball toy is P = 15 – 0.5Q. Frances...

General Management
1.2K views

I have a thesis: Assessing the factors affecting the working motivation of officers in departments, committees, and...

Physics
1.2K views

Current in an AC circuit is given by i 3 sin oot 4 cos cot...

Accounting
1.2K views

The St. Lucia Blood Bank, a private charity partly supported by government grants, is located...

Accounting
1.2K views

Use the following information to answer this question. Windswept, Incorporated 2022 Income Statement (in millions)...

Accounting
1.2K views

Required information [The following information applies to the questions displayed below.] At December 31, Hawke...