A bond currently sells for P850. It has an 8-year maturity, an annual coupon of P80, and a par value of P1,000. What is its yield to maturity?

Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter4: Bond Valuation
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A bond currently sells for P850. It has an 8-year maturity, an annual coupon of P80, and a par value of P1,000. What is its yield to maturity?

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