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02-06-2023
Business

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Starling is evaluating Bond prices and have requested your help. Below information is provided.
C = Coupon = 10%, interest rate = ytm = r = 12%, Maturity = N or T = 10 years, P = price, Par = $1,000
(i) What is Yield to Maturity (YTM)? (1 Mark)
(ii) Assume that the price of the bond is $940, with the face value of the bond $1000. The annual coupon rate is 8%, with a maturity of 12 years. Based on this information, you are required to calculate the approximate yield to maturity.

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