财务管理基础 financial management 清华大学出版社ppt4.pptVIP

Determining Semiannual Coupon Bond YTM [ (1 + kd / 2)2 ] –1 = YTM Determine the Yield-to-Maturity (YTM) for the semiannual coupon paying bond with a finite life. [ (1 + 0.042626)2 ] –1 = 0.0871 or 8.71% Note: make sure you utilize the calculator answer in its DECIMAL form. Solving the Bond Problem Press: 2nd Bond 12.3104 ENTER ↓ 8 ENTER ↓ 12.3124 ENTER ↓ ↓ ↓ ↓ ↓ 95 ENTER ? CPT = kd Source: Courtesy of Texas Instruments Determining Semiannual Coupon Bond YTM [ (1 + kd / 2)2 ] –1 = YTM This technique will calc