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Posted by: Homeworkhelp
Price Quoted by Student: $3
Posted On: 2011-03-17 07:07:01
 
Question

IBM’s 9.375% bonds closed yesterday at 95.13. If a coupon payment was made yesterday and the yield to maturity on these bonds is 10%, when do these bonds mature?

B3. (Remaining maturity)

 


Solutions
  Rate = 10%/2 = 5% PM
Price $3
Attachment 1: B3 Remaining maturity(1).xls
Solution Posted By: Homeworkhelp    Posted on: 17-03-2011