Yahoo Answers is shutting down on May 4th, 2021 (Eastern Time) and beginning April 20th, 2021 (Eastern Time) the Yahoo Answers website will be in read-only mode. There will be no changes to other Yahoo properties or services, or your Yahoo account. You can find more information about the Yahoo Answers shutdown and how to download your data on this help page.

Can someone please give a quick answer to this problem for me, I have been trying all day to get it correct, but do not understand how.?

Trevor Price bought 10-year bonds issued by Harvest Foods five years ago for $1,003.25. The bonds make semiannual coupon payments at a rate of 8.4 percent. If the current price of the bonds is $1,072.90, what is the yield that Trevor would earn by selling the bonds today? (Round intermediate calculations to 4 decimal places, e.g. 1.2514 and final answer to 2 decimal places, e.g. 15.25%.)

Effective annual yield

1 Answer

Relevance
  • 7 years ago
    Favorite Answer

    ewrwerwer

Still have questions? Get your answers by asking now.