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Posted on Oct 02, 2024

From the equation can someone explain step by step how to get to the answer of r= 9.119% for YTM? (CANNOT USE YTM ON EXCEL,

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From the equation can someone explain step by step how to get to the answer of r= 9.119% for YTM?

(CANNOT USE YTM ON EXCEL, must use calculator thus must use this formula)

PV- PV(coupons)+ PV (final payment) ( Coupon Annuity factor) + ( Face value Discount factor ) = $950 s80 +$1,000x r rx(1+r 1+r r-9, 119%

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