算到期贴现率的题！！

来源：百度知道 编辑：UC知道 时间：2024/05/06 11:34:16
Julia Chen just purchased a $1,000 face value bond for $987. The bond pays $0 interest every six month and matures in five years. The yield to maturity for this bond is ?
$50 interest
打漏了~

Let i be the yield of half a year.
n=10, PV=987, PMT=50, FV=-1000
50*(1+i)^(-1)+50*(1+i)^(-2)+...+50*(1+i)^(-10)+1000*(1+i)^(-10)=987
Solve i, we get i=4.9024%
then Yield to Maturity=(1+4.9024%)^2-1=10%

To solve the above equation, you need a financial calculator (e.g. BA Plus 2) or Excel.