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Consider a two-year bond with a face value of $100 and a coupon rate of 20%, paid semi-annually. using the excel solver, compute the yield
Consider a two-year bond with a face value of $100 and a coupon rate of 20%, paid semi-annually. using the excel solver, compute the yield to maturity (semi-annually compounded rate) if the price of the bond is $105. (enter your answer in decimal places, rounded to 4 decimal places. ex. do not enter 9.5%, enter 0.095)
Please show me how to use excel to solve this question, and how to do it without excel if possible. Thank you.
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