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Not on excel Please! 1. The corporate bond shown below was issued on July 2, 1967 with a face value of $1000, a maturity date

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Not on excel Please!

1. The corporate bond shown below was issued on July 2, 1967 with a face value of $1000, a maturity date of July 1, 1992 and a coupon rate of 44%. Coupons were payable on January 1 and July 1 of each year. 1000 1000 RAN T0443 AMERICAN AIRLINES.INC. RAN70443 4 SUBORDINATED DEBENTURE DUR 10 CONVERTIBLE ON OR FORWARY www BROTH Assume that I purchased this bond for $982 on July 2, 1987. Calculate the yield to maturity at the time of my bond purchase. Don't forget to express your answer as an APR

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