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Leonard Cooper is looking to invest in a two-year bond from Big Bang Productions Corporation....

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Accounting

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Leonard Cooper is looking to invest in a two-year bond from Big Bang Productions Corporation. The company makes semi-annual coupon payments of $57.00 (every 6 months) with a face value of $1,000. If the market price of the bonds is $1,074.00, what yield to maturity will Leonard earn (express as an EAR)? Answer Format: Percentage Round to: 2 decimal places (Example: 9.24%, % sign required. Will accept decimal format rounded to 4 decimal places (ex: 0.0924)) Enter Answer Here... Submit

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