HOW TO SOLVE THIS QUESTION USING EXCEL

Yield to maturity The bond shown in the following table pays interest annually. (Click on the icon here e in order to copy the contents of the data table below into a spreadsheet.) Par value $500 Coupon interest rate 15% Years to maturity 10 Current value $580 a. Calculate the yield to maturity (YTM) for the bond. b. What relationship exists between the coupon interest rate and yield to maturity and the par value and market value of a bond? Explain. . a. The yield to maturity (YTM) for the bond is %. (Round to two decimal places.)