Answered step by step
Verified Expert Solution
Question
1 Approved Answer
HI I am having trouble calculating this yield to maturity for a 7% semi-annual corporate bond with 3 years left to maturity is selling in
HI
I am having trouble calculating this yield to maturity for a 7% semi-annual corporate bond with 3 years left to maturity is selling in the market at $127.5117. My asnwer for the YTM is negative which is not right. Please help!!! Thank you so much
In excel I used =rate(nper,pmt,pv,fv) =rate(6,3.5,-127.5117,100)=
-0.9362% |
my yield to maturity is
YTM= | -0.018724 |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started