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Business, 19.10.2019 02:30 asalterasalter9211

You own a bond with a par value of $1,000 and a coupon rate of 8.50% (semiannual coupon). you know it has a current yield of 7.00%. what is its yield to maturity? the bond has 6 years to maturity. current yield = (annual payment / price). (hint: solve for price to answer the question). the answer is 4.40% but i dont know how to get that answer. i have a hp 10bll + financial calculator but i dont know how to put this into the calculator

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You own a bond with a par value of $1,000 and a coupon rate of 8.50% (semiannual coupon). you know i...

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