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    invisible215's Avatar
    invisible215 Posts: 6, Reputation: 1
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    #1

    Feb 16, 2014, 09:54 AM
    Bond pricing
    Beatrice Stores has a bond issue outstanding carrying an 8.5 percent coupon, paid semiannually, and maturing in 16.5 years. The bonds have a par value of $1,000 and a current market price of $944.30. What is the bondís current yield and yield to maturity?
    I am getting 4.5% for CY and YTM of 4.7% is that correct? Please help
    Curlyben's Avatar
    Curlyben Posts: 18,470, Reputation: 1857
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    #2

    Feb 16, 2014, 10:13 AM
    What do YOU think ?
    While we're happy to HELP we wont do all the work for you.
    Show us what you have done and where you are having problems..
    invisible215's Avatar
    invisible215 Posts: 6, Reputation: 1
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    #3

    Feb 16, 2014, 11:32 AM
    I already provided you with answers that I got.

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