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Anni [7]
4 years ago
7

Using the round 2 fasttrack bond table (page 2), how is digby's "yield" calculated for their 10.0s2020 bond?

Chemistry
1 answer:
Montano1993 [528]4 years ago
5 0
This is based on the round 2 FastTrack bond table, Digby’s “yield” for their 10.0S2020 bond is calculated in this format:


= ($100 - 93.41) / 100


= 10.0 / 93.41


= (2480 - 2020) / 2020


= (2480 - 2020) / 2480


= 0.1855 or 15.55% is the yield


NOTE: It isn’t computed, it is reported.
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