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Business, 06.03.2020 22:28 zoepatterson1p0lij1

An investor purchased a "par bond" for $500 with the principal $500. Over n = 6 years the bond will pay 2% coupon annually. Find the IRR of the cash flow stream (also called Yield to Maturity). Note: The bond has the following cash flow stream: at time zero payment $500 is made; for 6 years, at the end of each year the coupon payment (2/100)*500 is made; also at the end of year 6 the principal $500 is paid in addition to the last coupon.

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An investor purchased a "par bond" for $500 with the principal $500. Over n = 6 years the bond will...
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