Ruth Hornsby is looking to invest in a three-year bond that makes semiannual coupon payments at a rate of 5.875 percent. If these bonds have a market price of $981.13, what yield to maturity can she expect to earn?
On yield to maturity do you multiply or divide IY when it is semi annual?
Already registered? Login
Not Account? Sign up
Enter your email address to reset your password
Back to Login? Click here