When a company acts in an ethically questionable manner, there can be a lot of consequences for both the company and its custome
1 answer:
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Answer:
YTM = 0.6940%
Explanation:
THe Yield to Maturity (YTM) is the return that you expect from the bond if you held the bond till maturity.
The formula would go as:
YTM =
Where
F is the face value, or par value
P is the current price
n is the time period, maturity period
Given,
F = 1000
P = 920
n = 12, we have:
YTM =
Thus, the yield to maturity would be:
YTM = 0.6940%