You just purchased a bond which matures in 5 years. The bond has a face value of Rs.1,000, and has an 8 percent annual coupon. The bond has a current yield of 8.21 percent. What is the bond’s yield to maturity?
You just purchased a bond which matures in 5 years. The bond has a face value of Rs.1,000, and has an 8 percent annual coupon. The bond has a current yield of 8.21 percent. What is the bond’s yield to maturity?