a 10 year bond pays 12 interest on a 1000 face value annually if it currently sells for 1100 wha

Name: a 10 year bond pays 12 interest on a 1000 face value annually if it currently sells for 1100 what is its approximate yield to maturity a 1035 b 1091 c 1100 d 1200 68752
Uploaded: 2023-12-12T04:33:14-08:00
Duration: 2 min 31 s
Channel: Akash M
Description: a 10 year bond pays 12 interest on a 1000 face value annually if it currently sells for 1100 what is its approximate yield to maturity a 1035 b 1091 c 1100 d 1200 68752

Question

Akash M · Accepted Answer

To calculate the yield to maturity (YTM) of the bond, we can use the following formula for YTM,

Question

. A 10-year bond pays 12% interest on a $1,000 face value annually. If it currently sells for $1,100, what is its approximate yield to maturity? A. 10.35% B. 10.91% C. 11.00% D. 12.00%

Please give Ace some feedback