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Calculating the Promised YTM--In December of 2005, the Eastman Kodak Corporation (EK) had a straight bond issue oustanding that was due in eight years. The

Calculating the Promised YTM--In December of 2005, the Eastman Kodak Corporation (EK) had a straight bond issue oustanding that was due in eight years. The bonds are selling for 108.126%, or $1,081.26, per bond and pay a semiannual interest payment based on a 7.25% (annual) coupon rate of interest. Assume that the bonds remain outstanding until maturity and that the company makes all promised interest and principal payments in a timely basis. What is the YTM to maturity to the bondholders in December of 2005? How do I calculate this using excel?

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