Ask Experts Questions for FREE Help !
Ask
    invisible215's Avatar
    invisible215 Posts: 6, Reputation: 1
    New Member
     
    #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 bond’s 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: 18,514, Reputation: 1860
    BossMan
     
    #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
    New Member
     
    #3

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

Not your question? Ask your question View similar questions

 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Bond Pricing [ 2 Answers ]

You have just purchased a 12-year, $1,000 par value bond. The coupon rate on this bond is 11 percent annually, with interest being paid each 6 months. If you expect to earn a 12 percent simple rate of return on this bond, how much did you pay for it?


View more questions Search