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A ten-year bond pays 11 % interest on a $1000 face value annually. If it currently sells for $1,195, what is its approximate yield to maturity
The bond's price is $996.76. The YTM is 8.21%. by E. Sanchez
8.5
$1297
2.5 percent annually
year
It means the percent of interest paid annually (p.a. means per annum).
5% ($72.50) per year.
Interest of r% per quarter is equivalent to {(1+r/100)4 - 1} percent annually.
The interest paid annually is 700*5/100 = 35
11000*6/100 = 6606% per month is an outlandish interest rate - equivalent to more than 100 percent annually.11000*6/100 = 6606% per month is an outlandish interest rate - equivalent to more than 100 percent annually.11000*6/100 = 6606% per month is an outlandish interest rate - equivalent to more than 100 percent annually.11000*6/100 = 6606% per month is an outlandish interest rate - equivalent to more than 100 percent annually.
Interest = 2472
With simple interest, it is 1.5% per month. If compounded, it is 1.389% approx.
1257
It is approx 77393.69 units of currency.
Assuming interest is paid annually, 100000*(1.05)10 = 162889.46
29.86