Posted by Mike on November 10, 2000 at 19:11:42:
One party was offered a 23% discount on $150,000. This $150,000 note is secured by an apartment. It is at 8 1/4% interest, paid interest-only for 4 years. If we were to offer to purchase the note at a 20% discount, how would I calculate the yield to maturity (YTM)?