                                                                                  BOND YIELD                                                                                                              This program computes the before                                                tax yield of a bond held to                                                     maturity.                                                                                                                                                                                                                                        COPYRIGHT  CONTROL  DATA  1980 

This program computes the yield to                                              maturity of a bond. No tax                                                      computations are provided.                                                                                                                                      It is a modification of BONDYD                                                  by Prof. J. Peter Williamson,                                                   Amos Tuck School of BusinesS.

The user must supply the following                                              data. All data must be numeric.                                                                                                                                     .  Annual coupon payment                   (dollars)                                                                    .  Redemption price at maturity            (dollars)                                                                    .  Time to maturity (years and             months)                                                                      .  Present price (dollars) 

When an input request requires                                                  multiple values, the computer will                                              continue to prompt (with a ?),                                                  until it has received sufficient                                                values. 

The shaded values indicate those        
that must be input by the user.                                                                                         Enter the following data items:                                                 Annual coupon (dollars)   6                                                     Redemption price at                     
maturity (dollars)        100                                                   Present price (dollars)   104.45                                                Maturity (years,months)   12,5 

Coupon         $      6.00                                                      Redemption     $    100.00                                                      Present price  $    104.45                                                      Maturity             12.00 year(s)                            
5.00 month(s)                                                                                                                                                                                                                                                                                             YIELD                                   
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Before taxes       5.50 percent                                                                                                                                                                    
 

                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                                                                                                                                                              
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
                                                                                                                                                                                                                                                                                              