What is the YTM of a four-year bond with a par value of $1,000 and a 4 percent coupon rate when coupons are paid annually and the bond is priced at $1,000?

Name: What is the YTM of a four-year bond with a par value of $1,000 and a 4 percent coupon rate when coupons are paid annually and the bond is priced at $1,000?
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Question

Quizplus · Accepted Answer

N=4, PMT = $40, FV = 1000, PV = -932.35, solve for I/Y= 4

What Is the YTM of a Four-Year Bond with a Par