Waiting for answer This question has not been answered yet. You can hire a professional tutor to get the answer.
QUESTION
Blue Crab, Inc. plans to issue new bonds, but is uncertain how the market would set the yield to maturity. The bonds would be 11-year to maturity,...
Blue Crab, Inc. plans to issue new bonds, but is uncertain how the market would set the yield to maturity. The bonds would be 11-year to maturity, carry a 7.06 percent annual coupon, and have a $1,000 par value. Blue Crab, Inc. has determined that these bonds would sell for $739 each. What is the yield to maturity for these bonds?
Round the answers to two decimal places in percentage form.
You should use Excel or financial calculator.
Your Answer:Par valuePriceAnnual coupon rateYears to maturityYTM $1,000$7397.06%1111.33%