The Sisyphean Company has a bond outstanding with a face value of $ 5 comma 000 that reaches maturity in 9 years. The bond certificate indicates that the stated coupon rate for this bond is 9.6% and that the coupon payments are to be made semiannually. Assuming that this bond trades for $ 4 comma 971, then the YTM for this bond is closest to:
The following are the data inputs in spreadsheet:
The following are the obtained results in spreadsheet:
Get Answers For Free
Most questions answered within 1 hours.