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.