A R1,000 par value bond sells for R1,216.It matures in 20 years, has a 14 percent coupon, pays interest semi-annually, and can be called in 5 years at a price of R1,100.What is the bond's YTM?

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The Answer of A R1,000 par value bond sells for R1,216.It matures in 20 years, has a 14 percent coupon, pays interest semi-annually, and can be called in 5 years at a price of R1,100.What is the bond's YTM?

A R1,000 Par Value Bond Sells for R1,216