Use the information below. Assume semi-annual coupon payment and par value of $1,000. Assume today is 4.1.2018 Note maturity date ISSUER COUPON MATURITY LAST PRICE 3.5 4.1.2025 S&P AA+ Apple What is the Yield to Maturity for the Apple bond? 965.00

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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QUESTION 8
Use the information below. Assume semi-annual coupon payment and par value of $1,000. Assume today is 4.1.2018 Note maturity date.
ISSUER
COUPON MATURITY
LAST PRICE
S&P
Apple
3.5 4.1.2025
What is the Yield to Maturity for the Apple bond?
Round up to single decimal point. (XX.X)
AA+
965.00
Transcribed Image Text:QUESTION 8 Use the information below. Assume semi-annual coupon payment and par value of $1,000. Assume today is 4.1.2018 Note maturity date. ISSUER COUPON MATURITY LAST PRICE S&P Apple 3.5 4.1.2025 What is the Yield to Maturity for the Apple bond? Round up to single decimal point. (XX.X) AA+ 965.00
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