Adams enterprises' noncallable bonds currently sell for $1,120. they have a 15-year maturity, an annual coupon of $85, and a par value of $1,000. what is their yield to maturity

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06-06-2017
Business

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Adams enterprises' noncallable bonds currently sell for $1,120. they have a 15-year maturity, an annual coupon of $85, and a par value of $1,000. what is their yield to maturity

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andriansp andriansp · Answer 1 · 2017-06-13T11:09:16+02:00

Their yield to maturity is 7.17% based on the information from the question above. This problem can be solved by using the yield to maturity formula which stated as YTM = C + ((F-P)/n) / ((F+P)/2) where YTM is the yield to maturity, C is the annual coupon, F is the par value, p is the current bond price, and n is the maturity year. Calculation: 7.17% = 85 + ((1000-1120)/15) / ((1000+1120)/2)