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Please use Visual Basic Bond Yield One measure of a bond's performance is its Yield To Maturity (YTM) .. values for government bonds arecomplex to

Please use Visual Basic image text in transcribed
Bond Yield One measure of a bond's performance is its Yield To Maturity (YTM) .. values for government bonds arecomplex to calculate and are published in tables. However, they can be approximated wit intr + a h the simple formula YTM where intr is the interest earned per year, a b face value + current market price For instance, suppose a face value-current market price years until maturity bond has a face value of $1000, a coupon interest rate of 4%, matures in 15 years, and currently sells for $1180. Then intr = .04. 1000 = 40, a = 1000 + 1180 1000 1180 15 - 1090 =-12,b= and YTM = 40-12 1090-2.57%. Note: Theface wlue 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 he coupon inte rate, current market price, rest rate. Write a program that requests the face value, coupon interest and years until maturity for a bond, and then calculates the bond's YTM. See Fig. 3.67. Bond YieldX Face value of bond 1000 Coupon interest rate: 04 Current market price: 1180 Years until maturity: 15 Calculate Yield To Maturity Approximate YTM: 12.57% | FIGURE 3.67 Possible outcome of Programming Project 7

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