Question

What is the yield to maturity of a $1,000 par value bond that pays 7 percent...

What is the yield to maturity of a $1,000 par value bond that pays 7 percent and matures in 10 years? Assume the price is $1,100.

a.

8.77%
b.

5.66%
c.

10.96%
d.

6.6%
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Answer #1

Please find the below explanation and “ Don’t forget to give a like ! Thank you”

The yield to maturity (YTM) is 5.71% as calculated in image uploaded

Options given are wrong please check once again.

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