You hold a four year bond with a price of 97.6%

jagguarpaw January 24, 2017 0 Comments

Question: You hold a four year bond with a price of 97.6%

Please answer the below question clearly and concisely. thank you.

You hold a four year bond with a price of 97.6% and a coupon of 4%. What is the Yield to Maturity of the bond?