Bond Yields
16 -1: (Assume par value of the bonds is $1000 unless otherwise specified.)
The Pioneer Petroleum Corporation has a bond outstanding with an $85 annual interest payment, a market price of $800, and a maturity date in five years. Find the following:
a. The coupon rate.
b. The current rate.
c. The approximate yield to maturity.
Bond Yields
No comments:
Post a Comment