Waiting for answer This question has not been answered yet. You can hire a professional tutor to get the answer.
QUESTION
Homework #4D (YTM annually, semi-annually)
Homework #4D (YTM annually, semi-annually)
Finance
Question 3 (1 point)
Fresh Fruit, Inc. has a $1,000 par value bond that is currently selling for $1,371. It has an annual coupon rate of 10 percent, paid semiannually, and has 9-years remaining until maturity. What would the annual yield to maturity be on the bond if you purchased the bond today and held it until maturity?
Round the answer to two decimal places in percentage form. (Write the percentage sign in the "units" box)
You should use Excel or financial calculator.
