1 2 Ashburn Corp. issued 25-year bonds two years ago at a coupon rate of 5.6 percent. The bonds make semiannual payments. If these bonds currently sell for 97 percent of par value, what is the YTM? 3 4 Input area: 5 6 Settlement date 7 Maturity date 8 Annual coupon rate 9 Coupons per year 10 Redemption value (% of par) 11 Bond price (% of par) 12 1/1/2020 1/1/2043 5.60% 2 100 97 13 (Use cells A6 to B11 from the given information to complete this question. You must use the built-in Excel function to 14 answer this question. Leave the "Basis" input blank in the function.) 15 16 Output area: 17 18 Yield to maturity 19