Question
Gwenyth just purchased a bond for $1,250 that has a maturity of 10 years and a coupon interest rate of 8.5 percent, paid annually. What
Gwenyth just purchased a bond for $1,250 that has a maturity of 10 years and a coupon interest rate of 8.5 percent, paid annually. What is the YTM of the $1,000 face value bond that she purchased? How would I solve this in Excel?
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Financial management theory and practice
Authors: Eugene F. Brigham and Michael C. Ehrhardt
13th edition
1439078106, 111197375X, 9781439078105, 9781111973759, 978-1439078099
