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Please use Visual Basic adher deterinines the price per ounncC bet 7. Bond Yield One measure of a bond's performance is its Yield To Maturity

Please use Visual Basic
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adher deterinines the price per ounncC bet 7. Bond Yield One measure of a bond's performance is its Yield To Maturity (YTM). YTM values for government bonds are complex to calculate and are published in tables. However, they can be approximated with the simple formula YTM = where intr is the interest earned per year, a = intr + a face value-current market price years until maturity For instance, suppose a bond has a face value of , and face value + current market price $1000, a coupon interest rate of 4%, matures in 15 years, and currently sells for $1180. 1000 1180 15 Then intr=.04. 1000= 40, a -12, b = 1000 1180 1090 40 12 1090 and YTM = 7%. Note: The face value of the bond is the amount it will be redeemed for when it matures, and the coupon interest rate is the interest rate stated on the bond. If a bond is purchased when it is first issued, then the YTM is the same as the coupo rate, current market price, and years until maturity for a bond, and then bond's YTM. See Fig. 3.67. n interest rate. Write a program that requests the face value, coupon interest calculates the Bond Yield Face value of bond: 1000 Coupon interest rate: 04 Current market price: 1180 Years until maturity: Calculate Yield To Maturity Appraomate YTM 2.57% FIGURE 3.67 Possible outcome of Programming Project 7

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