Find the yield rate (i.e. interest rate compounded semiannually) of a bond with the following info: Term: 15 Years Purchase Price: 987.56 Coupon Rate: 1.7% payable semiannually Face Value: 1000 Redemption Value: 1200 Give your answer as a percentage rounded to four places (i.e. X.XXXX%)
Added by Lucas N.
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The bond has a term of 15 years, and the interest is compounded semiannually, so there are 15 * 2 = 30 compounding periods. Show more…
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