The National Company’s bonds have 4 years remaining to maturity.  Interest is paid annually; the bonds have a P1,000, face value; and the coupon interest rate is 9%.  What is the estimated yield to maturity of the bonds at their current market price of P829?

Intermediate Financial Management (MindTap Course List)
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Chapter4: Bond Valuation
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The National Company’s bonds have 4 years remaining to maturity.  Interest is paid annually; the bonds have a P1,000, face value; and the coupon interest rate is 9%.  What is the estimated yield to maturity of the bonds at their current market price of P829?
 
 
14.80%
8.20%
10.86%
13.10%
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