Appropriate after-tax cost of debt

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[question removed by moderator]
How do you calculate yield to maturity on a comparable outstanding which is 7% using HP 12 C?
 
You don’t need to compute the yield in this question. It states that both bonds are priced at par, which is a scenario when coupon=yield.
You should remember/understand this rule:
Coupon=Yield, bond trades at par
Coupon>Yield, bond trades at premium
Coupon<Yield, bond trades at discount
 
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