#24The market price of a semi-annual pay bond is $981.83.It has 11.00 years to maturity and a coupon rate of8.00%. Par value is $1,000. What is the yield tomaturity?SubmitAnswer format: Percentage Round to: 4 decimal places(Example: 9.2434%, % sign required. Will acceptdecimal format rounded to 6 decimal places (ex:0.092434))unanswerednot_submittedAttempts Remaining: Infinity

The term yield is used to describe the return on your investment as a percentage of your original…

Answered: #24 The market price of a semi-annual…

#24 The market price of a semi-annual pay bond is $981.83. It has 11.00 years to maturity and a coupon rate of 8.00%. Par value is $1,000. What is the yield to maturity?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

#24
The market price of a semi-annual pay bond is $981.83.
It has 11.00 years to maturity and a coupon rate of
8.00%. Par value is $1,000. What is the yield to
maturity?
Submit
Answer format: Percentage Round to: 4 decimal places
(Example: 9.2434%, % sign required. Will accept
decimal format rounded to 6 decimal places (ex:
0.092434))
unanswered
not_submitted
Attempts Remaining: Infinity

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