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Consider a bond paying an annual coupon of $80 with face value of $1,000. Calculate the yield to maturity if the bond has: 20 years

Consider a bond paying an annual coupon of $80 with face value of $1,000.

Calculate the yield to maturity if the bond has:

20 years remaining to maturity and is priced at $1,200.

Formula to use: periodic YTM=( CFt+T/Pt)-1

DO NOT USE THIS FORMULA OR EXCEL SHEET

YTM=2FV+PVC+tFVPV

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