Question
Crossfade Co. issued 16-year bonds two years ago at a coupon rate of 9.5 percent. The bonds make semiannual payments. Required: If these bonds currently
| Crossfade Co. issued 16-year bonds two years ago at a coupon rate of 9.5 percent. The bonds make semiannual payments. |
| Required: |
| If these bonds currently sell for 104 percent of par value, what is the YTM? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).) I specifically need help on setting this problem up in excel. |
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Quantitative Investment Analysis
Authors: Richard A. DeFusco, Dennis W. McLeavey, Jerald E. Pinto, David E. Runkle
3rd edition
111910422X, 978-1119104544, 1119104548, 978-1119104223
