A couple things: - Am I doing the work right? If not, what did...
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Finance
A couple things:
- Am I doing the work right? If not, what did I do wrong?
- What did you get for this? I attached a screenshot of what I got on an online financial calculator and it said I was wrong. Please help I am so bad at finance!!
Suppose a ten-year, $1,000 bond with an 8.2% coupon rate and semiannual coupons is trading for $1,035.07. What is the bond's yield to maturity(expressed as an APR with semiannual compounding)?
P = (CPN y) x (1 + (1 (1 + y)n)) + (1000 (1 + y)n)
Modify the values and click the Calculate button to use FV PMT IN NPV Results N (# of periods) 20 I/Y = 3.845% PV (Present Value) $-1035.07 Sum of all periodic payments Total Interest $820.00 $-784.93 PMT (Periodic Payment) $41 FV (Future Value) $1000 + Settings Calculate Clear
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