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I was going to leave a sarcastice response but I felt sorry for you, answer is below:
Asked yield is the Yield to Maturity assuming the bond is bought at the Ask price;
So you would use your BAII plus calculator and calculate the YTM as follows:
N = 6.917 (assuming the above purchase date is today)
PV = -101.9219
PMT = 2.375
FV = 100 (assuming par value of 100)
I/Y = calc (2.074)
Or you could just use excel
But seriously, this is a fundamental concept; make sure you get this. |
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