Homework #4D (YTM annually, semi-annually)

Homework #4D (YTM annually, semi-annually)


Question 1 (1 point)


What is the yield to maturity of a 5-year bond that pays a coupon rate of 7.60 percent per year, has a $1,000 par value, and is currently priced at $1,255? Assume annual coupon payments.

Round the answers to two decimal places in percentage form. (Write the percentage sign in the “units” box).

You should use Excel or financial calculator.

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