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What is the yield to maturity of a twelve-year bond

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Flower Valley Company bonds have a 13.91 percent coupon rate. Interest is paid semiannually. The bonds have a par value of $1,000 and will mature 18 years from now. Compute the value of Flower Valley Company bonds if investors' required rate of return is 8.88 percent. Round the answer to two decimal places.

Problem 1: What is the yield to maturity of a 12-year bond that pays a coupon rate of 7.97 percent per year, has a $1,000 par value, and is currently priced at $931? Assume annual coupon payments. Round the answers to two decimal places in percentage form.

Reference no: EM132856604

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