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A 20-year, 4% quarterly coupon, $1,000 par value bond is selling for $1,057.31 with. Find its...

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Finance

A 20-year, 4% quarterly coupon, $1,000 par value bond is sellingfor $1,057.31 with. Find its YTM in (a) APR and (b) EAR.

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3.8 Ratings (544 Votes)
a Par value or Face value 1000 Current selling price 105731 Coupon rate 4 No of years to maturity 20Since the bond pays coupon quarterly thereforeQuarterly coupon payment Coupon    See Answer
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A 20-year, 4% quarterly coupon, $1,000 par value bond is sellingfor $1,057.31 with. Find its YTM in (a) APR and (b) EAR.

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