9) Fabricio Mannise wants to buy a 20-year U.S. treasury bond with a par value of $1,000 currently selling for $1,025. The bond carries a 6% coupon rate with payments made annually. If Fabricio Mannise had purchased today and held it to maturity, what is its expected yield to maturity?

YTM = {C+(F-P)}/(F+P)/2

C= interest payment, F= Face Value, P= Market Value

Please show workings with calculator if possible!

9) Fabricio Mannise wants to buy a 20-year U.S.| treasury bond with a par value of $1,000 currently selling for $1,025. The bond carries a 6% coupon rate with payments made annually. If Fabricio Mannise had purchased today and held it to maturity, what is its expected yield to maturity? YTM={C+(FP)}/(F+P)/2 C= interest payment, F= Face Value, P= Market Value