Page 50 - F2 Integrated Workbook STUDENT 2019
P. 50
Chapter 2
Example 2.8
Delbert plc, a UK listed company, has some 8% coupon, $100 nominal value,
irredeemable bonds in issue, which have a current market value of $93.
Required:
Calculate the yield to maturity for these bonds. Give your answer to 1
decimal place.
42
