Level 3 Book 3 Page 129 corporate, price

sunny20

Consider a 7-year, 10% semiannual, $100 par corporate bond. The bond is priced to yield 9% ($105.11) .....

 

Any one can tell me how to arrive a yield of 9% given the price of $105.11 or vice versa?

[此贴子已经被作者于2009-4-5 12:57:55编辑过]