(SOLVED) 5.5% coupon, paid semi-annually) will mature on April 15, 2026.

Discipline: Finance

Type of Paper: Question-Answer

Academic Level: Undergrad. (yrs 1-2)

Paper Format: APA

Pages: 1 Words: 100

Question

FINANCIAL MATHEMATICS


5.5% coupon, paid semi-annually) will mature on April 15, 2026.


If the bond price is 101 on April 15, 2022, what is the approximate YTM?