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Please fill in all of these blanks, it doesn't have to be in XCEL 3. On 15 May 1985 the U.S. Treasury issued a bond
Please fill in all of these blanks, it doesn't have to be in XCEL
3. On 15 May 1985 the U.S. Treasury issued a bond maturing 15 November 2014 . The bond had a coupon rate of 11.75%, payable semiannually on 15 November and 15 May. On 23 January 2005 a $1,000 face-value bond was selling for $1356.20. This price does not include the accrued interest. The bond is callable at par starting 15 November 2009. Compute the following: a. The bond's yield to maturity (YTM). b. The bond's yield to first call (YTC). U.S. TREASURY BOND MATURING 15 NOV 2014 b) Yield to first call \begin{tabular}{|c|c|} \hline Date & Cash flow \\ \hline 23-Jan-05 & \\ \hline 15-May-05 & \\ \hline 15-Nov-05 & \\ \hline 15-May-06 & \\ \hline 15-Nov-06 & \\ \hline 15-May-07 & \\ \hline 15-Nov-07 & \\ \hline 15-May-08 & \\ \hline 15-Nov-08 & \\ \hline 15-May-09 & \\ \hline 15-Nov-09 & \\ \hline \end{tabular} Yield to call, YTC Using XIRR function (EAIR) Using Yield function (APR) Convert APR into EAIRStep by Step Solution
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