An investor bought an 8 ½% bond at 108. The bond would mature in 8 years. Compute the rate of yield to maturity. (Round answer to two decimal places.)

Name: An investor bought an 8 ½% bond at 108. The bond would mature in 8 years. Compute the rate of yield to maturity. (Round answer to two decimal places.)
Brand: Quizplus
Rating: 4.9 (57 reviews)

Question

Quizplus · Accepted Answer

The Answer of An investor bought an 8 ½% bond at 108. The bond would mature in 8 years. Compute the rate of yield to maturity. (Round answer to two decimal places.)

An Investor Bought an 8 ½% Bond at 108