Find current yield of the bond using coupon rate

Reference no: EM131795553

Question: One year ago, a bond had a coupon rate of 4.64 percent, par value of $1000, YTM of 9.34 percent, and semi-annual coupons. Today, the bond's price is 1,059.1 and the bond has 7 years until maturity. What was the current yield of the bond one year ago? The next coupon is due in 6 months. Answer as a rate in decimal format so that 12.34% would be entered as .1234 and 0.98% would be entered as .0098.

Reference no: EM131795553

Questions Cloud

How many quarterly contributions does ollie need : Ollie has 13,000 dollars in his retirement account. He plans to make quarterly contributions of 13,900 dollars to his account.

Intellectual property and genetically modified crops : Read "Legal Liability, Intellectual Property and Genetically Modified Crops: Their Impact on World Agriculture" and "Greenpeace: Stopping Amazon Deforestation.

Science or sensationalism : Public perception often becomes the gateway to innovation and change. Therefore, and seemingly more now than ever, the media, private companies

What are the key tasks of operations : Importance of Operations Function in Manufacturing Organization, What are key tasks of operations? How is Operations embedded in overall company organization

Find current yield of the bond using coupon rate : One year ago, a bond had a coupon rate of 4.64 percent, par value of $1000, YTM of 9.34 percent, and semi-annual coupons. Today, the bond's price is 1,059.1.

Explain implications of these issues on patient health : Explain implications of these issues on patient health, as well as strategies to improve medication adherence for geriatric patients.

What is this company total productivity for one day : A company produces 750 bicycles every day. what is this company's total productivity for one day?

Find the hypothesis that the percentage is not 63 : In June 30, 2012, the Ventura County Star reported that 63% of employers allow employees to work from home sometimes (this is up from 34% in 2005).

Disease-causing microorganism : If the contagious individual at the mock luncheon had not shared beverages or food, might others still have contracted the disease-causing microorganism?

User Account

All Pages