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01 Juu WUIHI. 09/39 What is the quarterly yield on a two year bond that pays a total of eight quarterly coupons of 2 each

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01 Juu WUIHI. 09/39 What is the quarterly yield on a two year bond that pays a total of eight quarterly coupons of 2 each on a par value of 100 (i.e. C=8%) if it is priced at 104 with two years (eight quarters) until maturity? Ans = IRR({-104,2,2,2,2,2,2,2,102})*4 = 5.866% but model 5.870 (-60%)

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