If the YTM on a bond is 11.1 %, what will be the periodic rate assuming the bond is paying coupons semi-annually? (Write this number as a decimal and not as a percentage, e.g. 0.11 not 11%. Round your answer to three decimal places. For example 1.23450 or 1.23463 will be rounded to 1.235 while 1.23448 will be rounded to 1.234).

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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If the YTM on a bond is 11.1 %, what will be the periodic rate assuming the bond is paying coupons
semi-annually? (Write this number as a decimal and not as a percentage, e.g. 0.11 not 11%. Round
your answer to three decimal places. For example 1.23450 or 1.23463 will be rounded to 1.235
while 1.23448 will be rounded to 1,234).
Transcribed Image Text:If the YTM on a bond is 11.1 %, what will be the periodic rate assuming the bond is paying coupons semi-annually? (Write this number as a decimal and not as a percentage, e.g. 0.11 not 11%. Round your answer to three decimal places. For example 1.23450 or 1.23463 will be rounded to 1.235 while 1.23448 will be rounded to 1,234).
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