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QUESTION
2. What is the yield to maturity of a $1000 par value bond with an a. 10% semiannual coupon and 20 years to maturity and a $1,000 price?
2. What is the yield to maturity of a $1000 par value bond with an a. 10% semiannual coupon and 20 years to maturity and a $1,000 price? b. What is the yield to maturity of a $1000 par value bond with a 6.5% semiannual coupon and 13 years to maturity and a $890 price?I will also need the formula used for these questions. Thank you.
