Homework answers / question archive / Assume the market price of a 6-year bond for Margaret Inc

Assume the market price of a 6-year bond for Margaret Inc

Finance

Share With

Assume the market price of a 6-year bond for Margaret Inc. is $1,150, and it has a par value of $1,000. The bond has an annual interest rate of 6% that is paid semiannually. What is the yield to maturity of the bond? The yield to maturity of the bond is %. (Round to two decimal places.)