What was the current yield of bond

Assignment Help Financial Management

Reference no: EM131871437

Six months ago, a bond had a coupon rate of 10.8 percent, par value of $1000, YTM of 9.1 percent, and semi-annual coupons. Today, the bond’s price is 976.12 and the bond has 11 years until maturity. What was the current yield of the bond six months 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: EM131871437

Questions Cloud

Explain the importance of innovation : Explain the importance of innovation in your selected business's vision, mission, and values, and determine your business model for this new division.

Packages for microwave and high-speed digital devices : service contracts on its closed-loop water p system used in the manufacture of semicon ductor packages for microwave and high-speed digital devices.

Describe the logic in using eoq for final products : Explain the logic in using EOQ for final products and MRP for all sub-components. Start by drawing a typical demand function for final products.

Brown earn during the four year period he held the stock : What total yield did Mr. Brown earn during the four year period he held the stock?

What was the current yield of bond : What was the current yield of the bond six months ago?

Explain the meaning of job order costing : Explain the meaning of Job Order Costing and present live example in manufacturing industries/companies as a case study under the chapter of job order costing.

What was the current yield of the bond one year ago : One year ago, a bond had a coupon rate of 7.78 percent, par value of $1000, What was the current yield of the bond one year ago?

What is the accounting break-even level for the project : What is the accounting break-even level for the project? What is the financial break-even level for the project?

Report - Relationship between economic growth and poverty : PM009 ASSIGNMENT.Produce a 2000 word research report on one of the topics below - The relationship between economic growth and poverty

User Account

All Pages