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Category > Business & Finance Posted 19 May 2017 My Price 12.00

The following information


The following information from the close of trading on January 15, 2010 is for an IBM bond with a face value of $1,000 and a maturity date of October 22, 2012:

 

Coupon rate: 5.050%

Price: $1,096.20

Yield to maturity: 2.101%

a. What was the bond’s current yield?

b. Why is the bond’s yield to maturity less than its coupon rate? from the close of trading on January 15, 2010 is for an IBM bond with a face value of $1,000 and a maturity date of October 22, 2012:

 

Coupon rate: 5.050%

Price: $1,096.20

Yield to maturity: 2.101%

a. What was the bond’s current yield?

b. Why is the bond’s yield to maturity less than its coupon rate?

Answers

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Status NEW Posted 19 May 2017 04:05 AM My Price 12.00

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