The National Company’s bonds have 10 years remaining to maturity.  Interest is paid annually; the bonds have a P1,000 face value; and the coupon interest rate is 9 percent.  What is the estimated yield to maturity of the bonds at their current market price of P900? Use 5 decimal places for the PV factor

Essentials Of Investments
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Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
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Chapter1: Investments: Background And Issues
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The National Company’s bonds have 10 years remaining to maturity.  Interest is paid annually; the bonds have a P1,000 face value; and the coupon interest rate is 9 percent.  What is the estimated yield to maturity of the bonds at their current market price of P900? Use 5 decimal places for the PV factor

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