Question

Suppose Moogle Inc. wishes to issue a bond with a maturity of 18 years, a face value of $100,000 and an annual
coupon rate of 7.096 to raise $86, 189. What is the yield to maturity (MTM) on this bond? Note that the annual
coupon rate is the annual coupon as a percentage of face value, but the coupon is paid every six months, and
the YTM, like all interest rates, is reported on an annualized basis. (Allow two decimals in the percentage but do
not enter the 96 sign.)​

Answer 1

Answer:

This is your answer

Explanations