Corporate Bonds

Question: Hyundai issued bonds on 5/20/2010 which will mature on 5/20/2025. These bonds have a $1,000 face value and wil?

Hyundai issued bonds on 5/20/2010 which will mature on 5/20/2025. These bonds have a $1,000 face value and will pay a semi-annual coupon. The basis is 0 since this is a corporate bond. The annual coupon rate is 3.75%. If the price was $800, what is the yield-to-maturity on the bonds?

Answer: 5.65%

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