Astro Investors is interested in purchasing the bonds of the Jetson Company.Jetson's bonds are currently priced at $1,100.00 and have 14.5 years to maturity.If the bonds have a 6% coupon rate what is the yield-to-maturity of these SEMIANNUAL coupon paying bonds?

Question

Quizplus · Accepted Answer

30 ( (1/y)- ((1/.y)´ (1+ y)^-29))+ 1,000 (1 + y)^-29 = 1,100.00 y = .0251 ====> 2 ´ y = 5.02%

Astro Investors Is Interested in Purchasing the Bonds of the Jetson