What is the yield-to-maturity of a 3-year bond with a coupon rate of 6% and face value of $100? Assume the bond is currently trading at a price of $100, and that coupons are paid semi-annually. Assume semi-annual compounding. Round your answer to 4 decimal places. For example if your answer is 3.205 % , then please write down 0.0321.

What is the yield-to-maturity of a 3-year bond with a coupon rate of 6% and face value of $100? Assume the bond is currently trading at a price of $100, and that coupons are paid semi-annually. Assume semi-annual compounding. Round your answer to 4 decimal places. For example if your answer is 3.205 % , then please write down 0.0321.

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter4: Bond Valuation

Section: Chapter Questions

Problem 4MC

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